We're hoping that this shows where interest rates are headed. I certainly am.
However, with oil at $80 and gold at $700+ there's at least a chance this chart may show our future.
It sure would be nice to know for sure, wouldn't it? I'm serious. I am torn between the two charts and they do not agree with each other. If interest rates only come down because housing is in trouble and not because inflation is under control, I'd be tempted to cringe while looking at the latter chart.
I continue to lean towards stagflation but there are certainly no guarantees.
Source Data: Federal Reserve Selected Interest Rates
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