The Fed Came, They Saw and They Went

Sniffing out Pod Pain

It is now no mystery to the markets that the Fed was too loose for too long post pandemic. Equally, they were late to begin their restrictive campaign and late to begin their interest rate cutting cycle with this week’s 50 basis point “surprise”. The bond markets had already priced in 250 basis points of cuts until September 2025. In summary, the Fed…