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investing the first rate hike this month did not stop the spending, both economy and job market seem stable. the quarterly reports in late October should give us some clues about the economy and the job market? the end cause is still the Iran war. so end the war, open Hormuz and let the oil flow. Defying higher bond yields: Consumers keep spending and the economy keeps booming? In a panel on Friday, Cleveland Federal Reserve president Beth Hammack said a number of factors are driving up yields, pointing to a strong economy as a key one. “I think that the growth numbers have come in in a pretty solid way,” she said on the panel in Cleveland. “I think that expectations of continued performance, if you look at earnings and profits for various public companies, they’ve been coming in above expectations, and there have been signs of resilience that I think the markets are starting to price in.” She acknowledged that markets are pricing in more interest rate hikes and that the US is on an unsustainable fiscal path. ...