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Fed Pauses Rate-Hikes As Expected; 2 Dissents Signal Less Hawkish 'Family Fight'
Fed Pauses Rate-Hikes As Expected; 2 Dissents Signal Less Hawkish 'Family Fight' Since the last FOMC meeting (9/16), where Fed Chair Warsh hiked rates somewhat surprisingly, markets have been wild (even if stocks at the index level may look 'meh'). The biggest standout is the divergence between bitcoin (up 6%) and gold (down 6%) with a rollercoaster in crude (from down 15% to down just 3%)...While that chart shows bonds 'meh' like stocks, the volatility in bond yields has been instructive as the growth-fearmongers suddenly dominated the bond vigilantes...But, while the SPX may hav