Interest rates may not be going up, but consumers certainly continue to expect them to. One of the questions we ask consumers in our monthly Bespoke Consumer Pulse Survey is where they expect interest rates to be one year from now. As shown below, 57.6% of participants expect interest rates to be higher one year from now. This is a statistically significant sampling of US consumers, so there's a clear expectation out there that interest rates are going up. On the flipside, only 5% expect interest rates to be "lower" or "much lower" one year from now, a ridiculously low number.
Mr. Market loves to prove the consensus wrong, and it has definitely done a good job of that in regards to interest rates for quite a while now.
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