The Bloomberg Dollar Spot index continued higher, hitting its highest level since May and heading for its best week since 2022 following the Fed decision.

The copper tariffs announcement caused a major surprise leading to copper futures dropping more than 20% in two days, described as an earthquake in the copper market.

The discussion pointed to a rebound in bonds this morning and moving yields lower after prior rises, with Powell's comments keeping rate hike odds uncertain, suggesting cautious down or down trends in yields in the short term.