Posted on 05/01/2013 4:26:40 PM PDT by blam
FED: WE MAY DO MORE
Sam Ro
May 1, 2013, 2:10 PM
The Federal Reserve has completed its Federal Open Market Committee meeting, and it has just published its statement.
For now, the Fed is on hold with its month purchases of $85 billion worth of bonds in its efforts to keep interest rates low.
However, one of line that was new this time around was this:
The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes. In determining the size, pace, and composition of its asset purchases, the Committee will continue to take appropriate account of the likely efficacy and costs of such purchases as well as the extent of progress toward its economic objectives.
In other words, the Fed is ready to do more if necessary.
(Excerpt) Read more at businessinsider.com ...
Right, fed has no choice, yen & euro have been devalued so
Dollar must go down.
If this QE policy could fix the economy, wouldn’t have done that by now? What’s the definition of insanity?
Q.E. XVIII......
“I NEED MORE COWBELL!!!!”
I may do more... Isn’t that what unrepentant Child Molesters say?
I wonder what the price for physical gold is? Because if it is divergent, the market has lost credibility.
Its 1535-1540 + shipping comparing 8 dealers.
Ruh-Roh... the spread seems a bit high to me, but then I am not a physical gold kinda guy. Any of you Gold bugs out there know if there is a divergent trend with all the rumors of undeliverable gold?
So no spring tighten-up this year, eh? It’s no surprise. We have to export something.
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