Stocks & Bonds Slammed As Powell Pi$$es In Next Year’s Punchbowl
September 20, 2023 at 16:01 PM EDT
If you’re not confused now, you weren’t paying attention. Fed held rates unchanged (as expected) – neutral. Fed increased its growth expectation, lowered its unemployment expectation, and increased its inflation outlook – dovish/soft-landing. Fed erased 50bps of cuts expected for next year in its dot-plot – hawkish as hell. That sent STIRs hawkishly higher… Source: […] Source
