
What the Sigma
Fed Hikes to 3.75%, 10-Year Tops 5% Into Oil Shock
The Federal Reserve raised rates twenty-five basis points — and the ten-year Treasury pushed back above five percent the same day, signaling the market isn't convinced. Chad Stacks breaks down what the sector-by-sector divergence actually reveals, and why monetary policy is the wrong instrument for a supply-side inflation problem rooted in a pipeline war.






