For the average person, the fed funds rate is a complicated thing that requires background about how money moves between financial institutions that most people

For the average person, the fed funds rate is a complicated thing that requires background about how money moves between financial institutions that most people simply don't have. The HN crowd is going to be fairly educated, but for the average person, explanations of these types of concepts are valuable. That said, it's just fundamentally dishonest when they say this came as a surprise. Everyone in the financial industry expected it and the market has been pricing it in for quite a while. They clearly know this is going to be read by people who are of below average financial literacy and are blatantly trying to deceive them.