Sinks

S&P 500, US Dollar, Jerome Powell, Janet Yellen – Asia Pacific Market Open:The S&P 500 sank 1.6% in the aftermath of the Fed rate decisionChair Jerome Powell tried pouring cold water on rate cut betsMeanwhile, Janet Yellen…

FED DECISION KEY POINTS:The Federal Reserve raises interest rates by 25 basis points to 4.75%-5.00%, in line with expectationsThe policy statement removes guidance indicating that ongoing increases in the target range will be…

US DOLLAR OUTLOOK:The U.S. dollar began the week on the back foot, dropping precipitously after a deep decline in U.S. Treasury yieldsYields have moved lower on expectations that the Fed could adopt a more dovish stance in light of recent…