Markets React to Fed's Caution and Rate Cut Expectations
TL;DR Summary
The Federal Reserve's rate decision and dot plot caused a short-term rally in bonds, but Powell's comments during the press conference signaled a cautious approach, leading to a quick reversal in market sentiment and a rise in yields, with the market digesting incoming economic data.
- Fed Day Selling Spree as Press Conference Trumps The Dots Mortgage News Daily
- ‘Risk management’ cuts usually come in pairs, says Goldman economist MarketWatch
- Powell Q&A: "I don't think we can say" that policy no longer warrants a restrictive policy TradingView
- Jerome Powell’s Caution Sends Bond Yields Higher, Markets Rethink Aggressive Rate Cuts Times Now
- Market Misjudgment? Citi: 'Risk Management' Not a Hawkish Signal, Two More Fed Rate Cuts Expected This Year! 富途牛牛
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