This would be very amusing if it weren’t for the higher tax bills from higher interest costs bc there weren’t any surprises or news. The rate decision was expected (even w/ 3 dissents) & the presser was just 45 min of obfuscation w/ some word salad thrown in. This shouldn’t have been a result.
Luke KawaThis was indeed unprecedented: 30-year Treasury yields have never been up this much on a Fed decision while two-year yields fell this much, based on data going back to August 1987.