As expected, The FOMC continued its taper pace at $10bn but what was supposed to be a ‘steady as she goes’ statement had a few surprises:
- *PLOSSER DISSENTS ON DECISION, CITING GUIDANCE ON RATE OUTLOOK
- *FOMC SEES SIGNIFICANT UNDERUTILIZATION OF LABOR RESOURCES
- *FOMC: ODDS OF PERSISTENT SUB-2% INFLATION `DIMINISHED SOMEWHAT’
More of the same but some modestly hawkish sentiment sneaking in regarding improving labor markets. Oddly – no trade recommendations from Yellen. Full redline below…
Pre-FOMC: S&P Futs 1961.5, 10Y 2.55%, JPY 102.90, Gold $1294
Full statement redline:
via Zero Hedge http://ift.tt/1n3DUEI Tyler Durden