Bond sell off

Will The Fed. dare raise rates above what is just a token jesture increase:

Treasuries sold off across the board Tuesday, extending moves from the previous day and sending short-dated debt hurtling toward its worst quarterly performance in almost four decades after Federal Reserve Chair Jerome Powell’s aggressive monetary policy comments revived the prospect of a bumper half-point rate hike.…

This is only the start of the expected hissy fit from the markets. Totally predicted.

When Fed Chair mentioned Paul Volcker, he signaled his intent to stay the course. The question is whether his stiff spine will melt once the heat really gets going.