[Ed. note: “Which way do I go; which way do I go?” The clowns have taken over the circus.]
from Zero Hedge:
With the equity market dropping rather notedly into the release of the FOMC decision, chatter was that the ‘early release’ button had been hit, but…
- *FED SAYS LABOR MARKET HAS SHOWN SOME IMPROVEMENT
- *FED SEES `DOWNSIDE RISKS’ TO ECONOMIC OUTLOOK
- *FED SAYS IT’S `PREPARED TO INCREASE OR REDUCE’ PURCHASES
Which suggests some management of expectations… but more of the same and no big surprise. The only real difference from the March statement, as shown below, is the following sentence added in the fourth paragraph:
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.
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