Mark Cabana, head of US rates strategy at BofA Global Research, says the Federal Reserve now has a credibility issue as he discusses the bond market’s reaction to last week’s interest rate decision from the Fed.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-03/-you-can-t-fool-the-bond-says-bofa-s-cabana-on-the-fed-video)