Loading ...It would be no surprise to me, because I figured they raised the rates only so they have some room to DROP them to stimulate or head wind the next slowdown that I think already started but not obvious or in the news yet.
Note 10 year bond chart below. All I see are higher lows. Falling rates. Every rally in the bond chart is a drop in rates. Every drop in the bond chart has been a temporary bounce in interest rates on the way down.
The high points on the chart (2012 and 2016) reflect 1.5%. The mid 2016 Drop in the chart (higher rates to 3%) was imo an artificial Trump Effect move. A mistake. Abnormal.
I’m assuming the Trump Effect is wearing off, and the REAL prosperity will come much later. After a transition period. WITHDRAWAL, PAIN, from a 50 year long very bad habit, Globalization, importing more than exporting since 1970. Culminating in the 2008 crash.