While the Fed didn’t raise rates, the bond market did. That means hardship for home buyers and higher hurdles for artificial intelligence data centers and the stock market. But it’s also a boon for retirees. (Thomas Fuchs/The New York Times) By JEFF SOMMER The Federal Reserve held interest rates steady in its latest meeting. But another important power in the financial world raised them. That’s the bond market, where thousands of traders make moment-by-moment decisions that can add up…
