Perhaps not surprisingly – following Hilsenrath’s ‘leak’ – the FOMC has decided to keep the “considerable time” language alive-and-well in its latest statement, supporting the uber-dovishness rate guidance as QE is tapered as expected:
- *FED TO END QE PROGRAM AT NEXT MEETING IF OUTLOOK HOLDS
- *FED RELEASES EXIT STRATEGY GUIDELINES
- *FED SAYS INFLATION `RUNNING BELOW’ FOMC’S LONG-RUN GOAL
Record high stocks, record low corp yields, surging GDP, PMIs soaring, housing and consumer sentiment exuberant, jobless claims at lows, JOLTS at highs, and the Apple iPhone 6 – if that doesn’t draw Yellen to the middle, we don’t know what will… but we are sure she’ll explain in the press conference. Full redline below…
Pre-FOMC: S&P Futs 1992.00, 10Y 2.56%, Gold $1235, WTI $94.20, USDJPY 107.50
via Zero Hedge http://ift.tt/XDXodU Tyler Durden