I wrote up this free substack piece today with some thoughts about the Fed meeting earlier in the week. Let me know what you think https://open.substack.com/pub/3circleinvestments/p/the-gladys-knight-strategy-for-fed?r=14wz3y&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

The Gladys Knight Strategy for Fed Policy Making The Fed is in the "Buying Time" business as they try to achieve their dual mandate while maintaining the primacy of their unspoken "third" mandate to keep a smooth functioning UST market.