Wednesday, July 10, 2013

This will be Sticky FOMC Minutes

Sorry for the direct lift, but I can't read that fast.

Doesn't sound market friendly, but as always, the F_E_D knee-jerk

FOMC Minutes: Half The Fed Said It Would Be Appropriate To End QE "Late This Year"


  • FED SAYS SEVERAL ON FOMC SAW QE TAPERING LIKELY WARRANTED SOON
  • FED SAYS MANY ON FOMC SAID LABOR GAINS NEEDED BEFORE QE TAPER
  • FED SAYS FOMC SAW FISCAL POLICY RESTRAINING ECONOMIC GROWTH
  • HALF OF THE FED INDICATED IT LIKELY WOULD BE APPROPRIATE TO END ASSET PURCHASES LATE THIS YEAR - NOT SLOW END
  • A FEW PARTICIPANTS INDICATED THAT THE COMMITTEE SHOULD SLOW OR STOP ITS PURCHASES AT THE JUNE MEETING - "OR STOP"

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