[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  EndGame Macro [@onechancefreedm](/creator/twitter/onechancefreedm) on x 40K followers Created: 2025-07-21 01:31:12 UTC This chart is a great reminder that the Fed doesn’t set long term interest rates, markets do. The Fed can adjust the federal funds rate (overnight lending between banks), but mortgage rates, bond yields, and other parts of the yield curve are ultimately priced by investor expectations around inflation, growth, and risk. That’s why even after a rate cut, the 30-year fixed mortgage rate can actually go up if the market sees long term inflation staying sticky or fiscal risk rising. So when people say the Fed controls rates, it’s more accurate to say they influence the short end of the curve. The long end is a referendum on confidence, confidence in policy, in deficits, in growth. And when that confidence breaks, the Fed’s influence doesn’t stretch as far as many assume. XXXXXX engagements  **Related Topics** [inflation](/topic/inflation) [investment](/topic/investment) [yield curve](/topic/yield-curve) [fixed income](/topic/fixed-income) [mortgage rate](/topic/mortgage-rate) [housing market](/topic/housing-market) [lending](/topic/lending) [overnight](/topic/overnight) [Post Link](https://x.com/onechancefreedm/status/1947107058496487616)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
EndGame Macro @onechancefreedm on x 40K followers
Created: 2025-07-21 01:31:12 UTC
This chart is a great reminder that the Fed doesn’t set long term interest rates, markets do. The Fed can adjust the federal funds rate (overnight lending between banks), but mortgage rates, bond yields, and other parts of the yield curve are ultimately priced by investor expectations around inflation, growth, and risk. That’s why even after a rate cut, the 30-year fixed mortgage rate can actually go up if the market sees long term inflation staying sticky or fiscal risk rising.
So when people say the Fed controls rates, it’s more accurate to say they influence the short end of the curve. The long end is a referendum on confidence, confidence in policy, in deficits, in growth. And when that confidence breaks, the Fed’s influence doesn’t stretch as far as many assume.
XXXXXX engagements
Related Topics inflation investment yield curve fixed income mortgage rate housing market lending overnight