Yield Curve Inverts As Fed Displays Their Policy Error, Gold Drops Then Pops With Crypto And Stocks

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When investors stopped to read the FOMC statement and listen to Powell. Initially there were no surprises when the Fed announce a 25bps rate hike, just as expected, a move which is woefully behind the curve as the last time CPI was 7.9%, the Fed funds was 13%. The Market is now pricing in at least two rate cuts meaning the economic Collapse is here and no one wants to admit it.