Relevant prediction markets:

• 84% rates reach 5.5% by year end

• 96% rates rise on August 3rd

• 10% rates reach 7.5% by year end

Take that, mortgage payers. That’ll teach you to go spending all your money on food.

What ever happened to signalling? They’re actually hiking them. Huh.

Have we reached the definition of insanity yet as this is what they keep doing and it isn’t working.