The Fed is worthless and their influence is on the short end of the curve and it's all speculation. At this point, I wonder if listening to them really matters but I guess them having an effect on the short-term bonds is an issue.
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I agree. There is some influence on the short end simply because it is more affected but their ability to do anything to the long end is zilch.
So they dont do money nor do they control interest rates...so what do they do?
Back to the first 4 words of your comment.
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