​Bitcoin, Bullion, & Big-Tech Bid As ‘Hawkish’ Powell Pushes Bond Yields, Rate-Cut Odds Lower – Tyler Durden

Bitcoin, Bullion, & Big-Tech Bid As ‘Hawkish’ Powell Pushes Bond Yields, Rate-Cut Odds Lower A relatively hawkish Fed statement – removing language that it has “gained greater confidence that inflation is moving sustainable toward 2 percent” – was met with a ‘meh’ response by the market, but once Fed Chair Powell started speaking it was clear that the uber-dovish rate-cut trajectory that so many hoped for was a thing of the past… for now. Rate-cut expectations for December stumbled notably… Source: Bloomberg During the press conference, The Fed chief notes that while overall inflation has moved closer to the central…  — Continue at ZeroHedge News : Read More