What Really Drives Interest Rates, It’s Not The Fed

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There is a new Federal Reserve chairman, and people are wondering whether he will push rates up. This question is based on a false premise that the Fed actually controls rates. The Fed only reacts to what is happening in the markets. Learn what really governs the trend of interest rates…it’s not the Fed.
By Elliott Wave International
Is new Fed Chair Jerome Powell a hawk? Meaning, will he aggressively raise rates to curb inflation?…

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