Bond market is anticipating Powell to go full volcker?

Erm?! Powell reigns from the school of hard knocks he's conditioned/ a Paul volcker fan boy. Traditionally when inflation is the problem yes there's a time to tilt hawkish in this scenario disinflation is the problem. If they come out swinging in the mins.. it'll be a drastic mistake. If they don't suggest a rate cut as the fed funds rates are suggesting this will be a drastic mistake. The difference between the last Chinese devaluation and this time is interest rates. this time around worst case scenario Chinas global real estate bubble could collapse.. we're in for an intense next couple of weeks but we'll be able to anticipate what comes next