The bond market is beginning to believe the Fed is serious about two more rate hikes this year

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The bond market is beginning to believe the Fed is serious about two more rate hikes this year
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The bond market is beginning to believe the Fed is serious about 2 more rate hikes this year.

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Interest rates are decided by the market, not a bank or the banking system! Borrowers decide the rate of interest, in reality; just like buyers decide the price of all goods. Some more on this here: but please stop believing banks decide interest rates.

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