The Federal Reserve and Chairman Jerome Powell’s discourse clearly spooked the bond market on Wednesday. Markets had priced in 50 basis points in rate cuts next year, and that’s exactly what Fed projections showed. But the market now sees just one quarter-point rate cut in 2025. In other words, markets didn’t believe what the Fed said, and the reason has…
Federal Reserve, Treasury Yields Put Trump On Notice; Stocks May Be 'Sloppy'
