Ep. 39 | A More Dovish Fed Holds Rates, But Markets Still Don't Like It

The Federal Reserve Announced they were hoding rates, as expected, but they were much more dovish about the confict in the Middle East than many observers were expecting. However, markets still weren;t happy, as bond yields jumped after Chairman Jerome Powell’s press conference. However, the jump could have been caused by the dismal PPI report that showed producer price increases jumping much higher than economists expected. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wilmingtonmortgage.substack.com