If the Fed Follows the Market, Why Won’t Rates Go Negative?

by Mike ‘Mish’ Shedlock
The Street

The Market pared back bets on negative interest rates but questions still persist.

A chicken and egg scenario involving the Fed has emerged. Who is following whom?

Traders Trim Bets


Does the Fed Follow the Markets?

It appears that way, but if all the Fed does is follow the markets, why do we need the Fed at all?

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