Seeing A Lot Of "Dovish" Talk Regarding The Fed Chair's Comments Tuesday...Don't Bet On The Doves

Here are three headlines from Money Control, Bloomberg and MarketWatch respectively:

Powell’s dovish policy may provide relief to markets, again spark hope of early rate cut instead of hike

Jerome Powell’s Fed Dictionary Somehow Fails to Include the Word ‘Hawkish’

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference. 

Coincidentally, Politico.eu's Izabella Kaminska tweeted this on Sunday:

Reminded of the time I tried to get to the bottom of why we call it dovish or hawkish monetary policy, and discovered an etymology with roots to the 60s, the Vietnam war, Cold War, game theory and err Julie Andrews. https://t.co/gYztVnqAme

— Izabella Kaminska (@izakaminska) April 28, 2024

And me, I flash on the the release of the symbolic Doves of Peace after the Pope's prayer for peace in Ukraine back in freakin' 2014:

Not betting on the doves.
(contra the video outro the Vatican doves got away, some folks near the window got souvenir feathers though)