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this post was submitted on 20 Jun 2026
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Chicken and egg problem there.Have you considered the possibility that the Fed just got better at making projections?
The interest rate has been above 2% for more than four years now. It's currently at 3.75% so even if it is as you say, it doesn't explain what's happening now. I think I'll just stick with "irrational exuberance" being the explanation.