The yield curve in both US Treasuries and LIBOR futures are rejecting the idea of rising interest rates. It is inverting all over the place.
The reality is the Fed doesnt control the long end of the curve so that is where the real barometer is. By the second half of the year, we will all realize the economic headwinds that exist.
This happened in 2013 and 2018, when the Fed backed off. The interest rates went up for a while and then collapsed, just like the long term trend.
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