Newsig · Financial Times
Trump fails to bend the Fed to his will
Kevin Warsh leads the US central bank to its first rate rise since 2023 less than four months into the job
Why it matters
SPY (SPDR S&P 500 ETF) · Why linked: First Fed rate hike since 2023 directly impacts risk asset valuations Market context: Bearish near-term as tighter monetary conditions pressure equities
TLT (20+ Year Treasury) · Why linked: Rate hike weighs on long-duration bond prices Market context: Bearish as higher rates push bond yields up and prices down
DXY (US Dollar Index) · Why linked: Higher US interest rates typically strengthen the dollar Market context: Bullish for USD on rate differential
How SPY, TLT usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| SPY | 10 | +0.67% | 70% |
| TLT | 9 | +0.62% | 67% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy