Dollar Jumps, Stocks Dump As Fed Disappoints POMO-Primed Markets US equity markets are not happy that The Fed failed to dover on its dovish cut hopes and utterly ignored the ongoing liquidity crisis in short-term money markets. The dollar is spiking... Source: Bloomberg And stocks dropping... Nasdaq is the biggest underperformer... 30Y Treasury yields are holding at the lows of the day but not extending Source: Bloomberg But 2Y yields are spiking on the apparent hawkishness... Source: Bloomberg Dramatically flattening the yield curve... Source: Bloomberg As the market begins to shift to pricing in less than one more rate-cut by year-end... Source: Bloomberg Can Jay talk his way out of this? Or make it worse? Tyler Durden Wed, 09/18/2019 - 14:27 Tags Business Finance Technology Internet Law Crime