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Bonds sell off after Fed decision amid growing market-central bank tension
The selloff followed the Fed’s latest rate decision, with markets signaling increased turmoil after the vote.
The New York Times Business reports that bonds sold off sharply after the Federal Reserve’s latest rate decision.
The move points to mounting friction between financial markets and the central bank, described as a potential credibility shock.
According to the report, the sharp reaction underscores growing turmoil as traders reassess expectations around the Fed after the decision.
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Sources
NYT BusinessA ‘Credibility Shock’ Looms Over the Fed