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FOMC announcement...

Discussion in 'General Discussion' started by tom, Jul 30, 2014.

  1. tom

    tom Administrator Staff Member

    From Zero Hedge:
    http://www.zerohedge.com/news/2014-...on-raises-inflation-concerns-plosser-dissents

    As expected, The FOMC continued its taper pace at $10bn but what was supposed to be a 'steady as she goes' statement had a few surprises:​
      • *PLOSSER DISSENTS ON DECISION, CITING GUIDANCE ON RATE OUTLOOK
      • *FOMC SEES SIGNIFICANT UNDERUTILIZATION OF LABOR RESOURCES
      • *FOMC: ODDS OF PERSISTENT SUB-2% INFLATION `DIMINISHED SOMEWHAT'
    More of the same but some modestly hawkish sentiment sneaking in regarding improving labor markets. Oddly - no trade recommendations from Yellen. ​

    Markets are rallying slightly. ES 1966.00 +3.00 0.17% / SPX 1971.14 +1.19 +0.06%
     

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