How a 2020 Forecast Helped Prepare for Rising Rates

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 from The Elliott Wave Theorist 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.

Imagine if you had read our advance warning of a once-in-a-generation opportunity to refinance your mortgage, get a long-term business loan, or pay off a credit card.

 We do not listen to economists. We stand apart because our forecasts are based on historical analysis and the Elliott wave model.

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