Behind The Curve? “Pussy-Cat” Yellen Confronts “Largest Dovish Policy Deviation Since The 70s”

Some folks will be talking about the Fed today. In just a few hours we'll get a hike, but once again, it's all about the messaging. Any kind of dovish lean would be a (bigly) surprise. What's got some people spooked is the possibility that, in their rush to prove they aren't behind the proverbial curve, they get too aggressive with the messaging. Here's what SocGen said overnight (and please, just forget that you ever heard the term "pussy-cat" in a sentence that refers to Janet Yellen): The Fe