Summary
Despite the Federal Open Market Committee (FOMC) meeting concluding with expected decisions, the bond market remains unsettled, with 30-year Treasuries exceeding 5.1%. This unease stems from Fed Chairman Kevin Warsh's remarks indicating dwindling patience with inflation and the market's questioning of the Fed's willingness to follow through on rate hikes. The market is also grappling with a new Fed chairman and a lack of clear forward guidance, leading to increased uncertainty about inflation and future policy.
