Perhaps notably, despite an initial kneejerk higher, US equities remain below the levels seen when The FOMC Statement was released in October. Gold, The USDollar, and bonds are all modestly higher post-FOMC Minutes... Some might suggest the long-end is pricing in a "policy error" as on the day 30Y is down 2bps while 2Y is up over 2bps.
[3]
But since the FOMC Minutes, stocks and oil are best...
[4]
2s30s is flattening notably for now - suggesting the market's view that this hawkishness could be a policy error... (as rate hikes pull up thge front-end and long-term growth expectations drop in the long-end)
[5]
Charts: Bloomberg
