๐ Fed Holds 9-3 With 3 Dissenters, 30-Year Treasury Hits 5.23% โ Highest Since 2007
The Fed kept rates steady at 3.50%โ3.75% for the fifth consecutive meeting, but three members โ Hammack, Kashkari, and Logan โ dissented and wanted an immediate hike. The 30-year Treasury yield climbed to 5.23%, a level not seen since 2007, rattling stocks before Dow futures staged a partial recovery. Amazon, Meta, and Microsoft earnings crossed the wire and investors are now debating whether massive AI capex spend is getting out of hand. Not financial advice. At 5.23%, are long bonds finally worth buying again?
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