What Happens If Market Rates Stop Listening to the Fed #MarketInsights

So I think the real question at heart here is I mean the federal funds rate is indicative to certain things historically it kind of guides where mortgages are where the 10 year rate is but what we've seen is that there's somewhat of a decoupling happening between what the market thinks the rate should be and what potentially official policy is right with this fluctuation in the ten year between four and a half to four back to four and a half right so like there has been no change in the federal funds rate and yet we see that actual interest rates that are being used by markets to price money fluctuate quite wildly. So if we do have let's say him replaced and we do get the aggressive cut to 3% on the federal funds rate which is what the Fed controls that does not mean that the 10 year rate does the same thing in response Right and and and if we have a breakdown in that relationship then it becomes this anathema of well what does this mean like.