​Hawkish FOMC ‘Still Waiting For Greater Confidence’ On Disinflation – Tyler Durden

Hawkish FOMC ‘Still Waiting For Greater Confidence’ On Disinflation Since the last FOMC meeting on June 12, gold has outperformed (while the dollar and crude oil have lagged). Stocks and bonds are also both higher… Source: Bloomberg US macro ‘hard’ data has trended weaker overall since the last FOMC (albeit with a blip)… Source: Bloomberg …and the ‘bad news’ macro data has prompted ‘good news’ dovish shifts in rate-cut expectations which are dramatically higher since the last FOMC (pricing more than the Fed’s two cuts this year)… Source: Bloomberg Expectations for today’s FOMC are ‘nothingburger’-y with just a 2% chance…  — Continue at ZeroHedge News : Read More