December 18, 2014

Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her – Ep. 37

Yellen Bluffs Future Rate Hikes and Traders Pretend to Believe Her – Ep. 37 FOMC wrapped up meeting with Yellen press conference Most people expected “considerable time” to be dropped Bloomberg believes “considerable” dropped in favor of “patience” The Fed didn’t change anything The Fed didn’t actually say anything Markets up on Yellen’s optimistic non-news …

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Stretches "Considerable" Considerably

Fed Statement Stretches “Considerable” Considerably

Apparently Bill Clinton, the man who helped us ponder what the meaning of “is” is, now writes statements for the Federal Reserve. With the economic statistics apparently painting a rosy economic picture¬†(In my opinion: ignoring the more numerous data points evidencing the opposite), I feel the majority of observers believed that the Fed would finally …

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