The Fed Cuts – Will the Bond Market Finally Listen?

The Fed cuts again… but this might be the last one for a while… a different Fed curveball from Monday… why has the 10-year Treasury yield been rising?…VIEW IN BROWSERToday, in a 9–3 vote, the Federal Reserve delivered a 25-basis-point rate cut at its December FOMC meeting – the first time in six years that three members have dissented.The move lowers the fed funds target range to 3.50%–3.75%, another incremental step in the Fed’s ongoing effort to engineer a soft landing.During his press conference, Federal ...