ZH: Fed hike after a long pause? It's rare, but it happens
ZERO HEDGE writes: Authored by Simon White, Bloomberg macro strategist It’s unusual for the Federal Reserve to ...
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THE HEISENBERG writes: “Anecdotally, the market reaction to the Fed statement and Jerome Powell’s post-meeting presser was even more schizophrenic than usual, and it all boils down to one word: “Transient”. The initial (i.e., knee-jerk) reaction to the statement and IOER tweak (the third in a year) indicated markets were on board with the notion that the Fed had “succeeded” in pulling off the expected “dovish hold”. The inflation assessment was downgraded and the “patient” narrative was reiterated, tipping more of the same for the foreseeable future.”
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