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re: July 30-31 FOMC Minutes
Posted on 8/21/13 at 1:41 pm to LSU0358
Posted on 8/21/13 at 1:41 pm to LSU0358
Pretty obvious they know what's going on in the economy, but sticking to their tapering guns. Shows two things:
1) The Fed is focused on the flow effects from decreased mortgage and Treasury issuance.
2) They want to make sure the tapering plans are in place so the first decision the new Chairman makes doesn't increase volatility and reduce credibility.
1) The Fed is focused on the flow effects from decreased mortgage and Treasury issuance.
2) They want to make sure the tapering plans are in place so the first decision the new Chairman makes doesn't increase volatility and reduce credibility.
1
Posted on 8/21/13 at 1:49 pm to BennyAndTheInkJets
Anybody else notice the rally in the stock market as soon as the minutes were released?
The DJ went from 100+ points DOWN to UP 13 points as of now. And it happened within about 15 minutes.
Somebody out there must think the minutes are not favoring imminent "tapering" as much as some people thought from Bernanke's press conference right about the meeting.
The DJ went from 100+ points DOWN to UP 13 points as of now. And it happened within about 15 minutes.
Somebody out there must think the minutes are not favoring imminent "tapering" as much as some people thought from Bernanke's press conference right about the meeting.
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