Having done nothing but rally since the FOMC statement on 10/29 that ended QE, the minutes provide little additional info aside from to note that some participants wanted to drop “considerable time”:
- *MANY FED OFFICIALS SAW LIMITED IMPACT FROM GLOBAL SLOWDOWN
- *FED OFFICIALS SAW NEED TO WATCH FOR INFLATION EXPECTATIONS DROP
- *FOMC OPTED NOT TO MENTION FINANCIAL MARKET TURMOIL AFTER DEBATE
If they don’t mention, it never happened!!
Pre-FOMC Mins: S&P Futs 2045, USDJPY 117.75, 10Y 2.349%, Gold $1194
A reminder of the idiocy that occurred in stocks at the last Fed Minutes…
* * *
Full Statement
via Zero Hedge http://ift.tt/1qXxrhS Tyler Durden