Thinking mortgage rates will drop soon? Not so fast. Even though Fed boss Jerome Powell is hinting at a rate cut this fall, the bond market isn’t buying it—literally. Long-term bonds are acting like they’ve seen this movie before and expect more inflation if rates drop. Translation: Cheaper loans might not show up, and your 30-year mortgage could stay pricey. Sometimes, Wall Street just doesn’t play along with the Fed’s script. #Business #Market #FedWatch