Hi Elliott Waver, Today, September 10, 2026, 30-year bond futures just tumbled to a 19-year low while 10-year interest rates just surged to another 19-year high. Do you REALLY think the Federal Reserve Board has the answer? History suggests otherwise. On September 16, 2020, Fed Chairman Jerome Powell told reporters at a press conference that he expected short term interest rates to stay near zero through “the end of 2023.” We showed our subscribers the chart below and said: “There’s not a chance in the world of that scenario playing out. [T]he probability is high that interest rates have begun a process of rising …” |
You know what happened next: Long term interest rates started rising across the board. T-bill rates stayed at zero through 2021 and then soared past 5% in just 18 months. |
Sincerely, Derek Bruce Elliott Wave International
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