The hawkish pause - signaled by the dot-plot - <strong>prompted a kneejerk surge in rate-change expectations </strong>with July now pricing in a 70% chance of a hike and September a 95% chance of a hike as December and January have now priced out any rate-cuts...

Stocks immediately tumbled, led by Small Caps...

Gold was also dumped on the hawkish signal...

The dollar spiked back to almost unchanged on the day after tumbling on the weak PPI...

The question is, will Powell reverse all this?

...will Powell reverse all this?
{ai:summary}<p>The Fed's dot-plot signaled a pause in the rate-cutting cycle, causing rate-hike expectations to surge, with July now at 70% and September at 95%. Stocks fell, gold prices dropped, and the dollar briefly fell but rebounded. #economy</p>

Stocks & Gold Slump After Hawkish Fed Sends Rate-Hike Odds Soaring

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