I think some of the upside we've seen during the press conference is that Bernanke hasn't made any major slip ups in a live press conference. One thing I don't think the market will like is that he seemed to indicate that the possibility of QE3, which the market would love, perhaps at this point has more potential risk then upside.
We'll see how the market digests all of this.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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