The "Wash" Style Is Emerging; The Fed's Statement Is Trending Toward The Pre‑financial‑crisis "low‑transparency" Tone

Michelle, Global Head Of Fixed Income At JPMorgan Chase, Believes There May Be Two Rate Hikes This Year

The Fed's New Wording In Its Statement Echoes Gary Gensler's Concerns About The AI Investment Boom

U.S. Treasury Yields Rose After Federal Reserve Officials Signaled That Another Rate Hike May Be On The Horizon. The 10-year Treasury Yield Currently Stands At 4.465%, While The 2-year Treasury Yield, Which Is More Sensitive To Short-term Interest-rate Expectations, Is At 4.138%

JPMorgan's Global Head Of Fixed Income, Michelle, Said The Federal Reserve's Stance Is Hawkish

Non-US Currencies Generally Fell, With The Euro Falling Nearly 50 Points Against The US Dollar (EUR/USD), The Pound Falling More Than 40 Points Against The US Dollar (GBP/USD), And The US Dollar Rising More Than 20 Points Against The Japanese Yen (USD/JPY)

The Federal Reserve's FOMC Statement Reiterated Its Policy Of Maintaining Ample Reserves In The Banking System And Instructed The Open Market Operations Department To Increase Its Securities Holdings As Appropriate