"...this was at the hawkish end of expectations."

"...this was at the hawkish end of expectations."

Fed holds rates as expected; FOMC statement, SEP's, and Chair Warsh come in hawkish; US Retail Sales beat; Pending Home Sales rise in May; EIA crude stocks draw more than…

FOMC kept rates unchanged, removed forward guidance, added emphasis on reaching the inflation target, and provided a hawkish dot plot.

...a signed MOU and the resumption of Hormuz flows pushed oil prices down and took the market's mind off a hawkish Fed... 'broadening out' trade stalls.