{"id":61851,"date":"2025-05-28T08:48:41","date_gmt":"2025-05-28T08:48:41","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=61851"},"modified":"2025-05-28T09:48:28","modified_gmt":"2025-05-28T09:48:28","slug":"signal-to-noise","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/28\/signal-to-noise\/","title":{"rendered":"Signal vs Noise"},"content":{"rendered":"<h4>Summary<\/h4>\n<ul>\n<li>The signal-to-noise ratio is exceedingly high, with market volatility obscuring the underlying trend.<\/li>\n<li>Ignore the background noise of Trump policy flip-flops and focus on the effect of rising fiscal debt and long-term interest rates.<\/li>\n<\/ul>\n<p>The S&amp;P 500 is consolidating below 6000, a bullish sign. A breakout above 6100 would signal another advance, but the index has become a poor leading indicator of the economy. Instead, it is dominated by large passive investment flows into index ETFs, surges in liquidity, and the media cycle, which attempts to parse President Trump&#8217;s intentions by his daily sermon from the mount of Truth Social.<\/p>\n<hr \/>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>The bond market takes a longer-term view and is far more prescient than the equity market. Ten-year Treasury yields are gradually rising as international investors slowly withdraw, without wanting to trigger a panicked rush for the exits. Respect of the 50-week weighted moving average would signal another test of resistance at 4.75%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-tnx.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<p>The dollar is weakening, with the US Dollar Index testing the band of support between 98 and 100. A breach of 98 would warn of another decline, confirming our target of 90.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Gold is in a strong uptrend, reflecting the same outflow from US capital markets, with a bullish consolidation below 3400 on the weekly chart below. Breakout above 3500 would strengthen our target of 4000 by the end of 2025.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Consumers<\/h2>\n<p>A rebound in consumer confidence buoyed stocks, but the May reading of 98 remains in the same range as the 2020 COVID pandemic.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-confidence.png?resize=525%2C319&#038;ssl=1\" alt=\"Conference Board: Consumer Confidence\" width=\"525\" height=\"319\" \/><\/p>\n<p>Consumer expectations rallied to 72.8, but remains below the threshold of 80, which typically warns of a recession ahead.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-expectations.png?resize=525%2C319&#038;ssl=1\" alt=\"Conference Board: Consumer Expectations &amp; Present Situation\" width=\"525\" height=\"319\" \/><\/p>\n<h2>Economy<\/h2>\n<p>Manufacturers&#8217; new orders for non-defense capital goods, excluding aircraft, were below their 2022 peak, at $74.8 billion in April.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-neworders.png?resize=525%2C372&#038;ssl=1\" alt=\"Manufacturing New Orders: Non-Defense Capital Goods Excluding Aircraft\" width=\"525\" height=\"372\" \/><\/p>\n<p>That seems pretty healthy, until we adjust for inflation. The chart below, adjusted by the producer price index for capital equipment, warns of a sharp decline in new orders that could easily reach its 2008 low if current instability continues. Corporations are likely to defer decisions on new capital spending until there is a stable outlook.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-27-neworders-ppi.png?resize=525%2C372&#038;ssl=1\" alt=\"Manufacturing New Orders: Non-Defense Capital Goods Excluding Aircraft\/PPI for Capital Equipment\" width=\"525\" height=\"372\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Ignore the background noise of policy flip-flops and focus on the underlying signal in capital markets. Heightened uncertainty has triggered a steady capital outflow. If you destroy a brand&mdash;the USA bastion of democracy and economic stability&mdash;it is practically impossible to restore it.<\/p>\n<p>The situation is aggravated by corporations deferring orders for new capital equipment because of the uncertainty. Declining capital investment is likely to tip the economy into recession.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>The Conference Board: <a href=\"https:\/\/www.conference-board.org\/topics\/consumer-confidence\">Consumer Confidence<\/a><\/li>\n<li>Federal Reserve of St Louis: <a href=\" https:\/\/fred.stlouisfed.org\/\">FRED Data<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Summary The signal-to-noise ratio is exceedingly high, with market volatility obscuring the underlying trend. Ignore the background noise of Trump policy flip-flops and focus on the effect of rising fiscal debt and long-term interest rates. The S&amp;P 500 is consolidating below 6000, a bullish sign. A breakout above 6100 would signal another advance, but the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/28\/signal-to-noise\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Signal vs Noise&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[4674,6644,6878,1073,6879,6880,3010,3204],"class_list":["post-61851","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-10_year-treasury-yields","tag-conference-board-consumer-confidence","tag-conference-board-consumer-expectations-present-situation","tag-dollar-index","tag-manufacturing-new-orders-non-defense-capital-goods-excluding-aircraft","tag-ppi-for-capital-equipment","tag-sp-500","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Signal vs Noise - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signal vs Noise - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Summary The signal-to-noise ratio is exceedingly high, with market volatility obscuring the underlying trend. Ignore the background noise of Trump policy flip-flops and focus on the effect of rising fiscal debt and long-term interest rates. The S&amp;P 500 is consolidating below 6000, a bullish sign. A breakout above 6100 would signal another advance, but the &hellip; Continue reading &quot;Signal vs Noise&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/28\/signal-to-noise\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-28T08:48:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-28T09:48:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-05-27-spx.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Signal vs Noise\",\"datePublished\":\"2025-05-28T08:48:41+00:00\",\"dateModified\":\"2025-05-28T09:48:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/\"},\"wordCount\":416,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2025\\\/2025-05-27-spx.png\",\"keywords\":[\"10-Year Treasury Yields\",\"Conference Board - Consumer Confidence\",\"Conference Board: Consumer Expectations &amp; Present Situation\",\"Dollar Index\",\"Manufacturing New Orders: Non-Defense Capital Goods Excluding Aircraft\",\"PPI for Capital Equipment\",\"S&amp;P 500\",\"Spot Gold\"],\"articleSection\":[\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/\",\"name\":\"Signal vs Noise - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2025\\\/2025-05-27-spx.png\",\"datePublished\":\"2025-05-28T08:48:41+00:00\",\"dateModified\":\"2025-05-28T09:48:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2025\\\/2025-05-27-spx.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2025\\\/2025-05-27-spx.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/05\\\/28\\\/signal-to-noise\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signal vs Noise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-g5B","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":62072,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/06\/27\/sp-500-breakout-but-no-buy-signal\/","url_meta":{"origin":61851,"position":0},"title":"S&#038;P 500 breakout but no buy signal","author":"Colin Twiggs","date":"June 27, 2025","format":false,"excerpt":"Summary The S&P 500 and Nasdaq reached new highs, but the Dow has not yet confirmed the breakout Liquidity is strong, and long-term Treasury yields are softening But the Conference Board Leading Economic Index warns of a recession The dollar keeps falling, and demand for gold remains strong, flagging high\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-26-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-26-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-26-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62171,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/22\/sp-500-weakens-and-gold-rallies\/","url_meta":{"origin":61851,"position":1},"title":"S&#038;P 500 weakens and gold rallies","author":"Colin Twiggs","date":"July 22, 2025","format":false,"excerpt":"Key Points The S&P 500 closed above 6300 for the first time, supported by strong liquidity But declining Trend Index peaks warn of a retracement Consumer Confidence remains weak, and the Conference Board Leading Economic Index signals a recession Gold and silver rallied as the dollar weakened The S&P 500\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-21-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-21-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-21-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":58823,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/30\/gold-breakout-confirms-our-target\/","url_meta":{"origin":61851,"position":2},"title":"Gold breakout confirms our target","author":"Colin Twiggs","date":"October 30, 2024","format":false,"excerpt":"The S&P 500 looks set for an advance to 6000, with financial markets signaling strong liquidity. Gold closed above $2,750 per ounce, confirming our target of $3,000. Stocks The S&P 500 continues to find support at 5800. Respect would confirm our target of 6000. The Nasdaq QQQ ETF received a\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-29-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-29-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-29-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":57132,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/08\/30\/bullish-consolidation\/","url_meta":{"origin":61851,"position":3},"title":"Bullish consolidation","author":"Colin Twiggs","date":"August 30, 2024","format":false,"excerpt":"The S&P 500 is consolidating below its recent high at 5670, while gold is testing its recent high at $2,525 per ounce. Barring any unpleasant surprises ahead of the September FOMC meeting, we will likely see both break out to new highs in response to the expected Fed rate cut.\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-29-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-29-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-29-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61449,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/29\/dow-bear-market-awaits-while-gold-soars-to-new-high\/","url_meta":{"origin":61851,"position":4},"title":"Dow bear market strengthens while gold soars to new high","author":"Colin Twiggs","date":"March 29, 2025","format":false,"excerpt":"Reversals on the Dow and S&P 500 strengthened our bear market signal, ending the bull market that started in January 2023. The Magnificent Seven mega-cap technology stocks all show losses for the first quarter, led by Tesla (TSLA), down 30%. The S&P 500 respected resistance at the former primary support\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Magnificent 7 Technology Stocks","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-28-mag7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-28-mag7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-28-mag7.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61734,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/21\/gold-rallies-as-the-dollar-weakens-2\/","url_meta":{"origin":61851,"position":5},"title":"Gold rallies as the dollar weakens","author":"Colin Twiggs","date":"May 21, 2025","format":false,"excerpt":"Summary The S&P 500 is consolidating below 6000, and financial market liquidity is improving However,\u00a0US stocks are underperforming their global counterparts Gold rallies as LT Treasury yields rise and the dollar weakens The S&P 500 is consolidating between 5800, its former primary support level, and 6000 on the weekly chart\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-21-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=61851"}],"version-history":[{"count":8,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61851\/revisions"}],"predecessor-version":[{"id":61859,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61851\/revisions\/61859"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=61851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=61851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=61851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}