Dollar, Bond Yields, & Bank Stocks Tumble After ‘Dovish’ Fed Statement

Not priced in…

The Fed shifted its dot plot notably lower – though 2019 median remains unch – and that has sent bond yields and the dollar careening lower….

Dollar dumped to one-week lows…

10Y Yields plunged to yesterday’s intraday spike lows…

The major stock indices are higher but not holding kneejerk gains…

And bank stocks have turned red…

As rate-cut expectations for 2019 accelerated…

And July rate-cut expectations are now at 100%!!

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Author: Tyler Durden

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