It is like when an election results in a minority government and the pundits say "the people decided they wanted a minority government".Please forgive me for asking this but can someone explain to me how the "market" is pricing in a whatever percent chance of a whatever percent hike at the next BOC meeting? The market is volatile, up and down everyday sometimes with reason, often with no rhyme or reason. Where or how do I look to find this actual market pricing data and how can it be a predictor of what a flesh and blood person will actually do at that meeting Does it predict if he would chicken out like he did in January? I don't see how the "market" can be a predictable indicator of anything since investors seen to respond like sheep to ridiculous things at times. Hell, Elon Musk knows he can manipulate it with in any direction he wants with one press release. I've been hearing this so much of late and need it explained to me.
I have yet to hear about the big meetings where voters get together and plot out the strategy to get a minority government.