Wednesday, October 12, 2022

PPI 8.5% ... did Fed make a dent or a scratch in inflation so far ..?

Fed funds have gone up from zero to 3%

TNX 3.96%

US2Y 4.3%

30Y mortgage  7+%

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fed left the rates unchanged

2 yr rates drop slightly to catch up further explained by the chief that market has moved ahead raising rates and not waiting for fed action...