Dollar, Bond Yields, & Bank Stocks Tumble After 'Dovish' Fed Statement

Not priced in...

The Fed shifted its dot plot notably lower - though 2019 median remains unch - and that has sent bond yields and the dollar careening lower....

Dollar dumped to one-week lows...

10Y Yields plunged to yesterday's intraday spike lows...

The major stock indices are higher but not holding kneejerk gains...

And bank stocks have turned red...

As rate-cut expectations for 2019 accelerated...

And July rate-cut expectations are now at 100%!!