Bonds & Bullion Bid As Stocks, Dollar Drop On Fed Warning
March rate hike odds dropped very marginally from before The Fed minutes (from 38% to 34%)...
But there is a great reaction in capital markets with stocks disappointed by The Fed's warnings and bonds and bullion bid...
Fed fears of dollar strength knocked the USD index lower... (despite a more hawkish tone)
And the yield curve flattened...
As it seems the market is not buying what The Fed is selling - except perhaps a loss of faith is fiscal policy.
Disclosure: None.
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thanks Tylers