Meyer really drove it home. He said once they (the Fed) see clear-cut signs of inflation, they will be considerably more aggressive.
Unless we get some type of external shock that drives this market to lower yields, I don't see any type of prolonged rally ahead of the Fed meeting.
People are afraid the Fed will have to be more aggressive. It spooked everyone.
There's only 15 days to FOMC (Federal Open Market Committee). We're going to get jitters ahead of that.
