> anyone confused how the fed rate could go up without a fed meeting; it cannot

Finance being finance, the jargon is fucked.

The federal funds rate–"the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight"–is set by the market [1]. (Well, by banks. But among themselves.)

The FOMC "meets eight times a year to determine the federal funds target range." The FOMC then directs the buying and selling of securities–usually Treasuries–to encourage that market rate into their range. (The FOMC is "composed of the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents" [2]. It's a superset of the Board of Governors.)

[1] https://fred.stlouisfed.org/series/FEDFUNDS

[2] https://en.wikipedia.org/wiki/Structure_of_the_Federal_Reser...