In today’s FOMC Statement the Fed says the labor market has strengthened, household spending is growing strongly, and economic activity is expanding at a moderate rate.
Let’s see what the market thinks of that assessment.
Commodities Reaction to FOMC Statement
Gold Up, Silver Up, Oil and Copper Down
Bond Reaction to FOMC Statement
US Treasury Yields Lower
US Dollar Reaction to FOMC Statement
US Dollar Down Slightly
Oil Reaction to FOMC Statement
Crude, Gasoline, Natural Gas, Ethanol: All Lower
Rate Hike Odds
Rate Hike Odds Lower
Dear Janet, Which One of These Doesn’t Fit In?
- Gold Up, Silver Up, Copper Down
- US Treasury Yields Lower
- US Dollar Down
- Crude, Gasoline, Natural Gas, Ethanol: All Lower
- Rate Hike Odds Lower
- Economy and Labor Market Strengthening
Mike “Mish” Shedlock