The 30-year Treasury yield fell by 2 basis points following the FOMC meeting, contributing to a significant yield curve compression.

Following the FOMC meeting, the 2-year Treasury yield rose by 13 basis points to 4.18%.

President Trump's reaction to the Federal Reserve holding interest rates steady was quoted as, "it's all right, whatever."

The Federal Reserve statement under new Chair Kevin Warsh was 132 words, a significant reduction from the 341 words in the April FOMC statement under Jerome Powell.

Fed Chair Kevin Warsh characterized monetary policy as unevenly restrictive, noting its clear impact on the housing sector but not in financial markets, which are at record highs.

Fed Chair Kevin Warsh stated that the Federal Reserve has missed its inflation target for five years and is committed to fixing that.