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 notably…
And bank stocks have turned red…
As rate-cut expectations for 2019 accelerated…
via ZeroHedge News http://bit.ly/2KrIUdX Tyler Durden