Powell Pivot Sparks Buying Panic In Bonds, Bitcoin, & Bullion As Dollar Dumps To 2024 Lows With seven little words, Fed Chair Powell unleashed some chaos today as he confirmed “time has come for policy to adjust” and rate-cut expectations adjusted dovishly (though we note they were pretty much fully priced for this after the Minutes). September rate-cut expectations rose to 32bps (so around a 1/3rd chance of 50bps, 2/3 chance of 25bps)… Source: Bloomberg 2024 rate-cut expectations lifted to 104bps (just over 4 full cuts – well above the single-cut according to The Fed’s Dot-Plot) and 213bps thru the… — Continue at ZeroHedge News : Read More
Home » Powell Pivot Sparks Buying Panic In Bonds, Bitcoin, & Bullion As Dollar Dumps To 2024 Lows – Tyler Durden