🛸 CASE FILE #30

The Fed Paused. The Bond Market Didn't.

Former Fed Governor Kevin Warsh noted that Treasury yields have risen at one of the fastest paces between Fed meetings in two decades—even without a rate hike.

He added that the Fed remains ready to act if needed and will rely on incoming data rather than forecasts.

👁 Why it matters

Higher bond yields can tighten financial conditions, even when the Fed keeps rates unchanged.

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