Spot the Odd One: Gold Up, Silver Up, Oil Down, Dollar Down, Treasuries Up, Economy Strengthening

In today’s FOMC Statement the Fed says the labor market has strengthened, household spending is growing strongly, and economic activity is expanding at a moderate rate.

Let’s see what the market thinks of that assessment.

Commodities Reaction to FOMC Statement

Gold Up, Silver Up, Oil and Copper Down

Bond Reaction to FOMC Statement

US Treasury Yields Lower

US Dollar Reaction to FOMC Statement

US Dollar Down Slightly

Oil Reaction to FOMC Statement

Crude, Gasoline, Natural Gas, Ethanol: All Lower

Rate Hike Odds

Rate Hike Odds Lower

Dear Janet, Which One of These Doesn’t Fit In?

1. Gold Up, Silver Up, Copper Down
2. US Treasury Yields Lower
3. US Dollar Down
4. Crude, Gasoline, Natural Gas, Ethanol: All Lower
5. Rate Hike Odds Lower
6. Economy and Labor Market Strengthening

Mike “Mish” Shedlock