Taylorโs version
Markets are probably wrong again about the path interest rates will take. Hereโs why.
Economics | Interest rates
Investors reckon interest rates will start falling soon. But this expectation is wrong, and punters need to shake it off. Markets are terrible at predicting what interest rates will do. Over the last few cycles, futures markets, which allow traders to bet on future interest rates, have done a dreadful job forecasting where inteโฆ
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