The Fed marked to market its policy statement to acknowledge recent inflation setbacks, but didn't change the guidance section In June, the Treasury redemption cap will fall to $25 billion from $60 billion pic.twitter.com/rixlOtNVD0

Based on the statement, how hawkish was the much anticipated "hawkish pivot" by the Federal Reserve today? More hawkish than what the Fed signaled previously; Less hawkish than where the markets had gotten to on the basis of recent inflation data; and I worry that, given…

Stocks and bonds rally after Fed's Powell said: “It’s unlikely that the next policy rate move will be a hike.” pic.twitter.com/iTCF2CH7Fh

Powell says rates are restrictive, says it's highly unlikely for the Fed's next move to be a rate hike. 2-year yields respond as expected: pic.twitter.com/cmWAFZDWuN