[expat_panama]

Whoa— the FOMC statement has been doubling in size every every three years for quite a while now. That means in say, 50 years, the statement will be 100K pages long —enough to fill a couple good size book cases.

Hmmmm, a hundred years later big enough to fill all the buildings in an average sized city...

[expat_panama]

Happy morning all!  Seems most stuff went nowhere yesterday but today's futures say stocks up and goodby metals   Today's doc dump:

Initial Claims
Continuing Claims
Housing Starts
Building Permits
Philadelphia Fed
Natural Gas Inventories
Leading Indicators

News:

Fed Plots Cautious Course on Rate Rises Wall Street Journal - 17 hours ago WSJ's Jon Hilsenrath discusses the Federal Reserve's decision to hold steady on interest rates, as the central bank foresees a rate increase by early 2015.

Dollar hits six-year peak versus yen, ECB aims cash hose   Reuters