Excerpt from Business Insider quoting DataTrek co-founder Nick Colas:
…. “The US Treasury market suggests investors are betting on a swift improvement in the economy that could prompt the Federal Reserve to put up interest rates before 2023, as the central bank has outlined could mark the first rise.
But data analysts DataTrek say US futures show fixed-income futures traders are betting on no such thing.
“The short answer to the question “are Fed Funds beginning to think that the US economy will be strong enough to see a rate hike before mid-2022?” is a resounding, 100% ‘NO’,” DataTrek analyst and co-founder Nicholas Colas said in a note on Monday”….
Read the full article here on Business Insider!