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The Kobeissi Letter
The Kobeissi Letter|7月 29, 2026 11:25
The officially the most uncertain Fed day in years. Our view remains unchanged: no Fed hike today. (The Kobeissi Letter)
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Timeline

7月 29, 22:35The Federal Reserve holds interest rates steady, internal rate hike faction emerges
7月 29, 21:15U.S. stocks plummeted as Wall Street experienced its worst day.
7月 29, 21:07U.S. borrowing costs reach a 19-year high
7月 29, 20:42The Federal Reserve may raise interest rates by 25 basis points
7月 29, 20:15Bitcoin remains around $64K
7月 29, 20:09Walsh's speech leaned hawkish, with the market expecting a more than 70% probability of a rate hike in September.
7月 29, 20:06The Federal Reserve did not adjust interest rates, and the market reaction was stable.
7月 29, 19:50Long-term government bonds send pressure signals
7月 29, 19:38The 30-year Treasury yield hits a 19-year high
7月 29, 19:36The Dow Jones Industrial Average's decline widened to over -1000 points

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