He has now satisfied some Dollar bulls without selling the market off. May cause temporary pain to bull/silver(will bounce tomorrow). The long term picture remains the same for the FED. Ramp up equity markets at all costs to justify a rate hike. The rate hike will be absorbed in equity markets without causing too much damage
The same genius who was raising rates right through 2007 and still feared inflation in early 2008 while he caused the biggest deflation in fixed income by raising rates and inverting the yield curve. Just imagine the 10 year going to 3%, can you imagine the paper losses in $16 trillion worth of US debt x10 leverage? Ain't it a biotch when you paint yourself in to a corner? Another bubble that will pop because the only way you can realize a profit is to sell. Sell to who is the question, can the markets cash out trillions in bonds and stocks, I doubt it. The Fed is going to line up having to cash everyone out and be left holding the bag!