CME FedWatch indicates staying put next meeting, rises by nearly 5 percentage points; staying at current rate rises at the 29 April meeting by nearly 10 percentage points.
Yellen’s assessment (Bloomberg).
CME FedWatch indicates staying put next meeting, rises by nearly 5 percentage points; staying at current rate rises at the 29 April meeting by nearly 10 percentage points.
Yellen’s assessment (Bloomberg).
Predictably, the dollar (DXY) is up in response to firmer monetary policy expectations and domestic oil supply which shields the U.S. from war-induced supply problems. Funny how a country with its own oil supply is so ready to risk other countries’ access to oil.
Treasury 10s have added about 9 basis points in yield, a response to the tighter Fed outlook and 6 bp rise in 10-uesr TIPS yield.
Stocks down, but not much.
All very much according to Hoyle. The only mystery in any of these directional moves is “how much?”. The answer to that depends very much on “how long?” and “how bad?”.