The wishy-washiest Fed statement ever was met with a nothingburger response from the market. December rate-hike odds are very modestly higher at 87%…
Stocks are unchanged, and bonds and gold are modestly lower with a slightly higher dollar.
As Bloomberg Intelligence Rates Strategist Ira Jersey noted:
“The Fed’s policy statement was as boring and expected as could be.
The Treasury market focus will now be on the FOMC Chair and other Board of Governor nominees, to digest whether the committee might as a whole (and particularly at the top) incrementally or significantly change direction.”
The dollar index is up for now but really can’t decide…
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