The Fed Cuts Interest Rates...And Money Gets Tighter

More extreme measures coming

Last week, the Fed started easing again, with a quarter-point cut in its overnight lending rate and a promise of more to come.

But the bond market was not impressed:

10-year Treasury yield hits 2-week high despite Fed rate cut this week

(CNBC) - U.S. Treasury yields rose on Friday as investors weighed the state of the U.S. economy and future monetary pol…