Interest rates are going up whatever the Fed does this week

US interest rates can only go in one direction – up, says John C Burford. The question everyone's asking is when.

In the investment world, all eyes are on the Fed; most people are wondering what Thursday's pronouncement will contain. Of course, you can read all manner of opinions as to what the Fed should (or shouldn't) do in the financial press and on blogs.

Personally, I don't play that game. But what is clear is that whatever they say on Thursday, they will have to follow the market at some point, and acknowledge that the trend in US interest rates is firmly up.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.