Dot Plots At This Point Will Not Predict Interest Rate IncreasesMark Melin
While most of the market was focusing on annoying dot plots Wednesday, Jefferies noticed more important moves – dislocations, really -- that to this day have yet to be explained. Looking at correlation and price trends among the US dollar, stocks, interest rates and commodities is much more compelling for market analysts than pondering an expected and professionally telegraphed 25 basis point rise in interest rates. The bottom line is what might move interest rates is a factor which can’t be seen at this point in time.
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