Fed starts QT, and that worries more than interest rates
The favorable 40- year cycle of falling dollar interest rates has been buried for good. Since 1982, the annual U.S. dollar interest rate has fallen steadily from 15% to stabilize around 2% starting in 2011, providing a lasting period of prosperity. Facade of the Federal Reserve, located in Washington- Kevin Dietsch- Sep 19, 2022/ AFP.
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