Does the tax U-turn mean interest rates won't rise to 6% as predicted?

The government has reversed some of its tax cuts, but have they gone far enough?

Soybean Oil Futures,Dec-2022 (ZL=F)

CBOT - CBOT Delayed price. Currency in USX

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63.42

+0.08

(+0.13%)

As of 02:30AM EDT. Market open.

Time period:

04 Oct 2021 - 04 Oct 2022

Show:

Historical prices

Frequency:

Daily

Currency in USX

Date	Open	High	Low	Close*	Adj. close**	Volume
04 Oct 2022	63.45	63.70	63.27	63.42	63.42	1,843
03 Oct 2022	65.50	66.93	65.50	66.88	66.88	859
30 Sept 2022	67.16	67.50	65.06	65.35	65.35	859
29 Sept 2022	65.65	67.79	65.33	67.48	67.48	8,590
28 Sept 2022	66.23	66.24	64.16	65.52	65.52	16,269
27 Sept 2022	66.28	67.30	65.46	65.66	65.66	29,146
26 Sept 2022	67.03	67.29	65.65	66.11	66.11	16,816
23 Sept 2022	69.32	69.40	66.80	67.00	67.00	25,980
22 Sept 2022	67.82	69.66	67.13	69.43	69.43	18,194
21 Sept 2022	68.49	69.50	67.60	67.83	67.83	15,272
20 Sept 2022	68.20	68.77	67.14	68.59	68.59	16,349
19 Sept 2022	68.74	69.10	67.49	68.00	68.00	12,958
16 Sept 2022	66.87	68.95	66.70	68.66	68.66	17,680
15 Sept 2022	67.15	67.50	65.60	66.79	66.79	17,328
14 Sept 2022	70.74	70.79	68.50	68.51	68.51	21,896
13 Sept 2022	72.44	72.44	71.96	71.96	71.96	9
12 Sept 2022	69.39	72.44	69.39	71.92	71.92	13
09 Sept 2022	70.00	70.25	70.00	70.25	70.25	6
08 Sept 2022	68.69	68.86	68.00	68.86	68.86	9
07 Sept 2022	67.73	67.73	67.73	67.73	67.73	2
06 Sept 2022	71.22	71.22	68.96	68.96	68.96	290
05 Sept 2022	-	-	-	-	-	-
02 Sept 2022	68.13	72.00	68.13	71.50	71.50	269
01 Sept 2022	73.20	73.20	68.37	68.52	68.52	1,078
31 Aug 2022	71.01	72.92	70.76	72.74	72.74	1,492
30 Aug 2022	70.98	71.15	69.66	70.79	70.79	10,098
29 Aug 2022	70.70	71.49	69.90	70.98	70.98	12,728
26 Aug 2022	69.18	71.72	68.60	70.82	70.82	35,057
25 Aug 2022	68.88	69.81	68.29	69.09	69.09	23,649
24 Aug 2022	69.64	70.45	68.12	68.77	68.77	23,704
23 Aug 2022	68.75	70.24	68.14	69.59	69.59	20,854
22 Aug 2022	67.87	69.46	67.12	68.77	68.77	19,802
19 Aug 2022	66.25	68.29	65.84	67.90	67.90	14,725
18 Aug 2022	67.56	67.88	65.35	66.26	66.26	15,304
17 Aug 2022	67.84	68.61	67.11	67.41	67.41	11,554
16 Aug 2022	68.89	69.47	67.27	67.84	67.84	18,467
15 Aug 2022	69.60	69.62	66.92	68.94	68.94	19,464
12 Aug 2022	71.97	71.97	71.97	71.97	71.97	20,356
11 Aug 2022	70.88	71.97	70.88	71.97	71.97	1
10 Aug 2022	69.81	71.44	69.81	70.56	70.56	33
09 Aug 2022	70.17	70.48	69.69	69.69	69.69	4
08 Aug 2022	69.88	70.00	69.02	69.20	69.20	7
05 Aug 2022	67.00	68.59	67.00	68.59	68.59	2
04 Aug 2022	67.03	67.03	65.71	66.04	66.04	3
03 Aug 2022	65.50	66.85	65.08	65.08	65.08	9
02 Aug 2022	66.75	66.91	64.00	65.20	65.20	137
01 Aug 2022	68.60	68.60	65.19	66.23	66.23	927
29 Jul 2022	65.84	69.75	65.80	68.60	68.60	1,138
28 Jul 2022	61.32	66.71	61.18	65.84	65.84	16,598
27 Jul 2022	60.40	62.50	60.10	61.18	61.18	16,868
26 Jul 2022	60.27	61.29	60.01	60.42	60.42	23,188
25 Jul 2022	60.97	61.27	59.64	60.01	60.01	19,270
22 Jul 2022	58.87	60.59	58.18	60.32	60.32	18,614
21 Jul 2022	60.23	60.42	58.20	58.60	58.60	20,454
20 Jul 2022	61.89	62.53	59.76	60.03	60.03	19,701
19 Jul 2022	63.44	63.60	61.30	61.89	61.89	15,925
18 Jul 2022	60.36	64.00	59.70	63.20	63.20	15,871
15 Jul 2022	58.32	60.40	57.65	60.08	60.08	17,569
14 Jul 2022	59.80	59.80	59.80	59.80	59.80	24,692
13 Jul 2022	60.21	60.21	60.21	60.21	60.21	5
12 Jul 2022	61.41	61.41	61.41	61.41	61.41	9
11 Jul 2022	65.91	66.51	65.00	65.21	65.21	20
08 Jul 2022	63.25	64.24	63.23	64.07	64.07	114
07 Jul 2022	60.73	63.17	60.73	63.17	63.17	38
06 Jul 2022	59.24	61.59	58.95	60.22	60.22	162
05 Jul 2022	65.00	65.00	59.70	60.52	60.52	146
04 Jul 2022	-	-	-	-	-	-
01 Jul 2022	69.63	69.67	65.68	65.68	65.68	203
30 Jun 2022	72.72	72.80	69.86	69.93	69.93	1,126
29 Jun 2022	72.02	73.17	71.03	72.60	72.60	11,420
28 Jun 2022	71.00	72.67	70.78	72.09	72.09	24,432
27 Jun 2022	69.54	71.15	68.01	70.82	70.82	28,533
24 Jun 2022	67.83	70.00	67.00	69.75	69.75	32,917
23 Jun 2022	71.00	71.12	67.26	67.71	67.71	47,682
22 Jun 2022	73.55	73.55	70.30	70.66	70.66	42,428
21 Jun 2022	73.27	74.13	71.96	73.37	73.37	41,875
20 Jun 2022	-	-	-	-	-	-
17 Jun 2022	76.68	76.68	73.69	73.79	73.79	45,993
16 Jun 2022	77.72	78.20	75.74	76.34	76.34	40,108
15 Jun 2022	78.42	78.90	77.50	77.67	77.67	40,877
14 Jun 2022	79.51	80.07	78.01	78.28	78.28	36,871
13 Jun 2022	80.92	81.07	78.72	79.51	79.51	53,810
10 Jun 2022	82.70	82.95	80.71	80.81	80.81	50,411
09 Jun 2022	83.11	83.21	81.45	82.63	82.63	53,793
08 Jun 2022	81.62	83.44	81.45	82.94	82.94	57,151
07 Jun 2022	81.28	81.77	80.47	81.44	81.44	39,566
06 Jun 2022	82.50	82.71	80.96	81.19	81.19	32,517
03 Jun 2022	81.58	82.53	80.25	81.85	81.85	46,919
02 Jun 2022	78.36	81.79	77.57	81.44	81.44	52,097
01 Jun 2022	78.13	79.15	76.61	78.11	78.11	58,130
31 May 2022	80.14	80.49	77.81	77.92	77.92	53,051
30 May 2022	-	-	-	-	-	-
27 May 2022	80.52	80.70	79.21	79.57	79.57	35,516
26 May 2022	78.94	80.91	78.30	80.52	80.52	45,524
25 May 2022	80.35	80.56	78.45	78.92	78.92	48,668
24 May 2022	80.47	81.49	79.90	80.12	80.12	40,439
23 May 2022	80.95	82.05	79.86	80.47	80.47	38,239
20 May 2022	79.55	81.40	79.00	80.93	80.93	39,039
19 May 2022	80.76	81.20	78.58	79.53	79.53	48,253
18 May 2022	83.48	83.72	80.47	80.55	80.55	46,573
Close price adjusted for splits.*Close price adjusted for splits and dividend and/or capital gain distributions.

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NIKKEI 22526,992.21+776.42(+2.96%)

HANG SENG17,079.51-143.32(-0.83%)

CRUDE OIL83.99+0.36(+0.43%)

GOLD FUTURES1,712.20+10.20(+0.60%)

DOW29,490.89+765.38(+2.66%)

BTC-GBP17,389.58+426.36(+2.51%)

Does the tax U-turn mean interest rates won't rise to 6% as predicted?

Soybean Oil Futures,Dec-2022 (ZL=F)

NIKKEI 225
26,992.21
+776.42(+2.96%)

HANG SENG
17,079.51
-143.32(-0.83%)

CRUDE OIL
83.99
+0.36(+0.43%)

GOLD FUTURES
1,712.20
+10.20(+0.60%)

DOW
29,490.89
+765.38(+2.66%)

BTC-GBP
17,389.58
+426.36(+2.51%)