The Fed, You Know, Is Releasing Higher for Longer Terminal Rates

The head of the federal reserve gave credence to what other members had been saying. The market, you know, took it in stride and they started to price in higher terminal rates. A equity started to sell off. And broadly speaking, financial conditions tightened. But powell did exactly what he wanted to do. He told the market that they 're going to be restricted for longer. That causedfinancial conditions to tighten further. Ah, and so now you're seeing an equal and opposite sort of reaction,. a to that actionad, i think it seems appropriate.