The doves got everything they wanted – “patient”, “flexible” and a Fed that is positive on the economy? The reaction is consistent – bonds and stocks bid, the dollar offered as Powell sets the stage for an even bigger reversal to save the world…
The dollar is getting hammered…
Bond yields are tumbling…
And stocks are soaring…
Let’s hope that Powell can stick to the script in the press conference…
via ZeroHedge News http://bit.ly/2Wvve4H Tyler Durden