Post FOMC Update – HAWKISH

Here’s the quick look… SP-500 (1m) reaction to the Fed – and we have confirmation in fixed income and currencies… U.S. Dollar index (1m) spiked which means “hawkish” 2-year Treasury futures (1m) dropped, sending the 2-year yield up +2 bp, but that’s nearly a 10 bp swing from lower yields this morning. also note the…