The FOMC raised its benchmark rate by a quarter point. Chair Warsh said the economy is resilient but inflation remains elevated, with summer data showing little improvement, and too many categories still rising above 3%. He cited economic strength, a capex surge, and geopolitical risk as reasons for the 10-year yield hitting 5%.
Sentimentbearish 25
Bearish · 25 of 100
Impact80
high · market-wide
Confidence90%
high confidence · 36 wires
Eventdeveloping
v36 · alerted to followers
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch