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Posted on 09/18/2013 3:01:55 PM PDT by whitedog57
The Federal Reserve Open Market Committee released its update to QE: no change. The market was expecting $5 billion to be cuts from Treasury purchases, but nada.
fedannouince
Here is the redlined FOMC statement: 169179285-September-FOMC-Redline
The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more evidence of improvement in the economy.
“The Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington. While “downside risks” to the outlook have diminished, “the tightening of financial conditions observed in recent months, if sustained, could slow the pace of improvement.”
The Fed downgraded its forecast for GDP growth.
FOMC Projections
Here is the one chart that scares The Fed, yet it is a structural problem that The Fed can’t solve: Declining labor force participation.
lfpfeed
The reaction for the 10 year Treasury yield?
ust10fed
The reaction in the S&P500?
useqfed
The reaction for gold?
goldfed
The reaction for the US Dollar Spot?
usdoillarspot
There you have it. To infinity …. and beyond!
fedbal091813
Bernanke, Yellen and Dudley deciding not to taper.
raiders_of_the_lost_ark-2702-300x199
The core of the American economy is being weakened by all the borrowings, deficit spending and endless printing of greenbacks. Unfortunately the majority of people think that this artificial rise in stock prices is indicative of “economic growth” It fits Obama’s phony narrative. The reality is less wealth is being produced and the American standard of living is declining.
Because the dollar is being massively deflated.
As the dollar purchases less and less, the market NUMBERS go up, but the VALUE probably declines.
That happened today but over a longer period like five years the dollar has been flat (vs. Euro, etc.) It’s really been in a trading range. So that isn’t the explanation for the zooming market. Free e-money for bankers to speculate with is.
But I thought the economy was growing!
Silver and gold rose 4% today.
War is peace.
Freedom is slavery.
Arbeit Macht Frei.
“Because the dollar is being massively deflated.”
I think you mean “devalued”. That’s what happens when the Fed artificially pumps up the money supply.
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