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Dollar Breakout Fails to Hold Gains While S&P 500 Returns to Record Highs After Hawkish Fed

SPDR S&P 500 ETF, FED DECISION, YIELDS, DOLLAR AND VIX TALKING POINTS A charge from the S&P 500 to just below its record high and an eventual slip from the Dollar would seem to indicate a ‘dovish’ shift from the Fed In reality, the US central bank accelerated its hawkish policy course further than the markets had anticipated by doubling the taper clip ($30 billion/month) and projecting three 2022 hikes The unusual market response in the immediate aftermath of the US r


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