As Asia Unhedged predicted, the Fed statement was dovish: gradual increases based on monitoring inflation data. Bonds are rallying and the dollar tanked. US stocks are on fire with the Dow Jones average up 100 points at 2:08 p.m.
U.S. Federal Reserve Chair Janet Yellen. Photo: Reuters, Charles Mostoller
Fed statement Dovish as we predicted
Bonds are rallying, while the dollar tanked in response