It’s Fed’s D-day. The day that everyone is so convinced that Warsh will hike. Imagine if he does not? I mean to be fair he can argue that the inflationary pressure is driven by oil prices and the data does show that. Hiking rates won’t do much to that and he needs to protect the labour market. 🤔
At 2am tomorrow, markets get the moment they've been building toward all week: the Fed's rate decision. Ahead of it, a 20-year Treasury auction just set a record yield of 5.42%, breaking the 2023 high...













