Markets Tumble As FOMC 'Upgrades' Economy & Jobs In Hawkish Statement

The 4 key phrases from today's FOMC Statement are:

  • "Strong Jobs Gains" instead of "Solid Job Gains",
  • "Considerable time" sentence dropped entirely
  • "Solid Pace" instead of "Moderate Pace" For Economy
  • Add "Inflation is anticipated to decline further in the near term" as new language

And voila, a hawkish policy statement... sending stocks, crude, and bond yields sliding on the news.


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Initial pop and now Stocks, crude and bond yields tumbling...


Crude crashed to new cycle lows...


... just as the Fed predicted moments ago:

The entire curve is dropping (even short-term rates)...


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Full Statement:


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