Wednesday, July 29, 2026

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

further the chief added that market shouldn't be looking for what do .. rather feel free to do whatever you like .. fed should only come in play when must ..!

personally I liked him as i noted in previous msg that Fed shouldn't forward guidance..!

Next stop: PCE tomorrow 

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treasury plans to buy long term US debt to replace it by short-term debt

10y rates dropped by a point .. and stocks rise ... aka market manipulation and perfectly legal as done by US govt.