Part of me is thinking that Wall Street is starting to accept this more and more. The only reason I think that is that they are buying up a lot of their longer-term debt now which sounds counterproductive since it is low interest but getting debt off the book incase you have to issue more optically does look better. Esp. if you think you will be good for the next few years. They have also been buying up a ton of conversion notes as well which I think is for the same reason. 

Cje95

Biden and Wall Street will be pissed off, but you're right. 

siggy47

econ

More Rate Cut Flip Flopping

From what I have observed watching all these various people talk about it is the only way we are going to get these 3+ rate cuts people expect is if we move our target to at least 2.5% if not just 3%. If they don't change anything I could see where they do a 25 basis point cut in an attempt to save face since it wont have that significant of an impact but that's it. 