#美联储加息是否已成定局 Why after the rate hike it didn’t fall but instead rose
The probability of a rate hike had already been above 90% in advance. On the day before the decision, the CLARITY procedural vote failed, coupled with U.S. Treasury yields breaking above 5%, which had already completed a round of risk clearing. By the time the rate hike was announced, shorts were crowded and the bad news had been priced in sufficiently, making it easy to see a “sell the expectation, buy the fact.”
The probability of a rate hike had already been above 90% in advance. On the day before the decision, the CLARITY procedural vote failed, coupled with U.S. Treasury yields breaking above 5%, which had already completed a round of risk clearing. By the time the rate hike was announced, shorts were crowded and the bad news had been priced in sufficiently, making it easy to see a “sell the expectation, buy the fact.”