Money Fed says it’s unlikely to cut interest rates in 2023, even in recession. Markets don’t buy it May 19, 2023May 19, 2023 Paul Davidson, USA TODAY Comments Off on Fed says it’s unlikely to cut interest rates in 2023, even in recession. Markets don’t buy it The Fed says it won't cut interest rates this year even if there's a recession because it wants to stamp out inflation. Markets aren't buying it.