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Hawkish Fed Spurs Dollar and Yield Surge, SNB and BoE Next

Fed's decisively hawkish stance overnight propelled both Dollar and yields upwards, albeit dampening the stock market. Majority of FOMC members maintained projections of another interest rate hike within the year, with a tempered pace of rate cuts anticipated for the forthcoming year. Fed's message resounded in the markets as we witnessed a significant leap in two-year yield to levels unseen since 2006 and ten-year yield reaching its highest since 2007. Conversely, equity markets displ...
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Daily Game Plan

TODAYโ€™S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 8:30ET Weekly Jobless Claims, Current Acct Balance, Philly Fed; 10:00ET Existing Home Sales, Leading Index; 1:00ET $15 Billion 10-Year TIPS Reopening Friday - Chinaโ€™s Bund Summit, Japan CPI, PMIs, Bank of Japan rate decision, Eurozone S&P Global Eurozone PMIs, US S&P Global Manufacturing
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