Interest Rate Chasm

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Looking at SlopeCharts, which has access to thousands of different economic data time series, it’s mesmerizing to see how interest rates are in a Felix Baumgartner-style freefall……….

slopechart FR DGS
slopechart FR FEDFUNDS

……and mortgage holders are going to be delighted:

slopechart FR MORTGAGE US

Oh, by the way, there’s another chart-able item which shows recession probabilities. Whoosh!

slopechart FR RECPROUSM N