so we needa wait for the output on 20th April or a confirmation on the last day of March ????? Some notes from FOMC meeting I got! @.@ 13- Yellen says the Fed is monitoring the Ukraine / Russia situation closely as they remain attentive to global financial mkt impact 12-Yellen reiterates that wage growth has been very low, which may support case for an accommodative Fed and keep $USD from rising further. (Yellen wants wage inflation of about 3-4% before were back to normal. Was that the announcement of a target ???????? ) 11- Feds Yellen says may eventually face trade-off on prices and employment, but not yet. US stock market extends losses. 10- Yellen says FOMC probably over-did optimism in January. 9-Feds Yellen says most on FOMC see weather weakness dissipating. 8 - Yellen sees the possibility for a shallower glide path (lower neutral state) for the target rate. Little $USD reaction to comments thus far. 7-Yellen reiterates the fall as the likely time for ending QE. 6- Yellen says the Fed is now looking at a broad range of indictators after dropping the 6.5% threshold. 5- Yellen says unemployment rate is a good indicator, but still not completely effective and must look at more information. 4 - Yellen says dropping 6.5% unemployment threshold will help provide more information, says guidance will still be qualitative. 3- Yellen says forward guidance has had useful impact on helping markets understand the Fed stance. 2- Yellen finishes delivering the policy statement...Q&A session now. 1- Feds Yellen says much needs to be done on jobs and inflation, she reiterates need for highly accommodative policy. *** US Treasury yields FOMC response so far: 2yr +6.5 bps (0.41%); 3yr +10.4 (0.854%); 5yr +11.9 (1.665%); 7yr +10.6 (2.259%); 10yr +7.9 (2.75%) *sigh* KEEP IT SIMPLE , SHORT and DO IT
Posted on: Wed, 19 Mar 2014 19:35:58 +0000
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