More FOMC: Other than the pledge to adjust QE as necessary, there's little changed language in...


More FOMC: Other than the pledge to adjust QE as necessary, there's little changed language in the policy statement. The one dissenting vote is again KC Fed Chief Esther George. The S&P 500 is marginally higher now than before the statement, (SPY -0.7%). Treasurys (TLT +0.6%) lose a little ground, but the 10-year yield is sharply lower on the day, down 5 bps to 1.63%. The dollar (UUP -0.2%) remains down for the session.
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Comments (5)
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
     
    Fed says they would consider increasing QE, thats got to be good for another 50 points in the S&P right?
    1 May 2013, 02:22 PM Reply Like
  • mobyss
    , contributor
    Comments (2609) | Send Message
     
    Ben Bernanke:

     

    "Well, we just MIGHT increase our 'Juice', IF we feel like it - so why don't you all get EXCITED about what we MAY or MAY NOT do depending on whether we want to or not...that's right, hang onto our every word like salivating dogs...Aren't we just so mysterious and powerful?"

     

    Market:

     

    "Shut up you old fool - all your funny-money QE hasn't done a G-D THING for the real economy over the past few years, and even the stock market is starting to tire of your ineffectual diversionary games. FOAD!"
    1 May 2013, 03:39 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
     
    The S&P closed at a record high yesterday, that doesn't seem like the market being sick of QE to me.
    1 May 2013, 04:10 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    Um, stocks and commodities are not up today. Who do I need to call about this?
    1 May 2013, 03:35 PM Reply Like
  • raoulduke_II
    , contributor
    Comment (1) | Send Message
     
    # bernankebubble is biggest thing since #tulips ... $US10YR goin test lows of last year and push to 1% by Xmas...thanks Bennie and #fedgovs
    1 May 2013, 04:02 PM Reply Like
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