JPMorgan
- The central bank appears more dovish following recent comments from several Fed members.
- They see little need for further interest rate hikes after the 10-year Treasury yield surged.
- The market currently expects the Fed to pause at its two remaining FOMC meetings of the year.
Our Chart of the Day is from JPMorgan, which shows that Federal Reserve members are starting to turn more dovish toward their future monetary policy actions.
The chart shows a significant decline in the JPMorgan Hawk-Dove index, which ultimately measures the sentiment of the Fed.