Fed Dot Plot More Hawkish Than Market Expectations

<p>"The Fed Dot Plot was more hawkish than the market expected. The market inflation expectation is 2.4%, but I think that the neutral rate is higher than 2.5%. Bonds were in the bull market since 1980s and are in a bear market for the first time since then. This could be an attractive entry point with a real yield of over 1%. I am watching the supply shortage as there is potential demand destruction in the oil markets," says Matt Cole.</p>