This chart tells a different story. This is TED spread - the difference between 3 month Treasury bond rates and 3 months Fed Funds rate. The market is telling the Fed that rates need to rise - been tracking up since December 17, 2015
![](https://images.hive.blog/768x0/http://i.imgsafe.org/29095ec2a2.jpg)
And for a longer view
![](https://images.hive.blog/768x0/http://i.imgsafe.org/2909052168.jpg)
No one benefits from this game...it's in a stalemate!