16 september. Fed höjer – då stiger börsen. State of the Union (SOTEU). The four horsemen of the apocalypse.

Räntefrossa på Wall Street

Samtliga ledande index ändrade kulör från grönt till rött efter beskedet.

https://www.di.se/live/rantefrossa-pa-wall-street-storbanken-ned/

Indexes Drop, 10-Year Yield Moves Back Above 5% After Warsh Says ‘Inflation Is Too High’ After Fed Raises Interest Rates

https://www.investopedia.com/stock-market-today-dow-jones-s-and-p-500-09162026-12123817

Asked whether he thinks monetary policy is weighing on economic activity following the hike, Warsh said that he “found it difficult to describe financial conditions as restrictive” and that most of his colleagues at the Fed agree.

Warsh said that raising rates by 0.25 percentage point had only “removed a dose of accommodation,” suggesting that officials might want to see more restrictive financial conditions, i.e. a less frothy stock market and higher bond yields.

https://www.wsj.com/livecoverage/fed-meeting-warsh-interest-rate-09-16-2026/card/fed-s-warsh-says-interest-rates-aren-t-holding-economy-back-nXqzzqNkMdWmLQNFVBxi

Inflation has exceeded the central bank’s 2% objective for more than five years. When this is the case, monetary policy should be restrictive.

There is little evidence that US monetary policy is currently restrictive.

Bill Dudley former president of the Federal Reserve Bank of New York

https://englundmacro.blogspot.com/2026/07/inflation-is-still-too-high.html

The idea of a “neutral” or “natural” rate of interest

https://englundmacro.blogspot.com/2025/10/the-idea-of-neutral-or-natural-rate-of.html

Fed höjer räntan – första gången sedan 2023

https://www.di.se/live/fed-hojer-rantan-forsta-gangen-sedan-2023/

Federal Reserve FOMC statement

https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm

Stockholmsbörsen steg på bred front. 1,0 procent.

Brentoljan handlades vid stängning för 105 dollar fatet.

I likhet med andra europeiska biltillverkare tappade Volvo Cars aktie och föll 2,7 procent.

Muntert på Stockholmsbörsen inför Fed-beskedet

Det är läge att positionera sig för nedgång.

Agnetha Jönsson DI 16 september 2026, 09:48

https://www.di.se/analys/gor-dig-redo-for-borsfall/

Scaremongering About 5% Bond Yields

Investors and households are superstitious about round numbers, especially 5% yields on 10-year Treasury notes that influence mortgage rates and other borrowing costs.

Higher market rates are a reflection of strong economic growth at the aggregate level — a perfectly normal feature of a humming, if uneven, economy.

Why can’t this economy and market handle a breach of 5%?

It’s almost laughable to think that a 1 or 2 percentage point move in borrowing costs might dissuade decision-makers from investing.

If anything will stop the boom, my money is on AI safety risks or a failure to adequately monetize the technology, rather than a modest increase in funding costs.

Jonathan Levin Bloomberg 16 September 2026

https://www.bloomberg.com/opinion/articles/2026-09-16/scaremongering-about-5-bond-yields-misses-the-point

Who’s Afraid of Big Bad Bond Yields?

John Authers Bloomberg September 16, 2026

https://www.bloomberg.com/opinion/newsletters/2026-09-16/fed-hike-who-s-afraid-of-big-bad-bond-yields