When Anastasios Zakalkas pulled up the ropes of his mussel farm in the Aegean Sea last month, the devastation was clear: the lines were not heaving with mollusks as they should be at harvest time but ...

For the record, the Fed’s new target is between 4.5% and 4.75%, down from 4.75% to 5%, dropping the midpoint from 4.875% to 4.625%. But movement just a tad further out of the yield curve was minimal.