The Fed Pauses After 10 Rate Hikes Signals Very Hawkish Outlook

Fed pauses after 10 rate hikes signals very hawkish outlook since the last FOMC statement on May 3rd where Powell hyped rates 25 basis points but offered some dovage speech during the presser. Stocks have soared and that is a sign of asset price inflation because money will flee to these more secure type assets. So we should expect this to continue. Well, Bitcoin has been dumped. The dollar is modestly higher with gold and bonds slightly lower. Bonds are kind of mixed because bond prices are up for the year still, but they are somewhat mixed here. It's not really picking a direction because of the uncertainty around the Fed.