The bond market rebels as it adjusts to the Federal Reserve’s inflation policy

CNBC: The bond market had a wild ride on Thursday, reacting to the Fed’s willingness to permit the economy and inflation to run hot as the job market recovers. Strategists say that the market had initially responded to the Fed’s dovishness and forecast for no rate hikes through 2023. By Thursday morning, rising inflation was the top concern. The bond market reacted dramatically to the Fed’s policy to allow it to run above its 2%