Much Ado About Nothing from Yellen & Fed Today
My how time flies… It’s Fed decision day again with Janet Yellen set to announce another $10 billion cut from bond purchases, keeping the FOMC on pace to wind down QE Unlimited later this year. After the 2pm announcement, Ms. Yellen will head over to the always entertaining (NOT) press conference. One thing I am sure of is that the Fed chair will not commit another rookie, foot in mouth, Joe Biden esque’ gaffe by committing to a specific timeline […]
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Date: June 18, 2014
More Fed Stimulus Lifts Gold But Hits Dollar
Posted December 13, 2012 http://news.investors.com/investing-etfs/121212-636857-stock-market-gold-silver-bonds-federal-reserve.htm By Trang Ho, Investor’s Business Daily Posted 12/12/2012 06:41 PM ET Stocks, gold and silver jumped while U.S. Treasuries and the dollar sold off Wednesday after the Federal Reserve said it’s expanding its economic stimulus program, known as QE3. The Fed will buy $45 billion a month in long-term Treasuries, to offset the expiration of “Operation Twist.” The Fed will also continue buying $45 billion a month in mortgage-backed securities. The Fed said its stimulus programs […]
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Date: December 14, 2012
