The Powell Pause

December rate cut odds just fell out of bed, and markets heard the thump.

Quick Market Update Post Powell Speech he just gave at 3PM

 "The economy is not sending any signals that we need to be in a hurry to lower rates."

WE WILL BE CAREFUL ABOUT CHANGING POLICY UNTIL WE HAVE A LOT MORE CERTAINTY.

Market is selling off on the hawkish news.