Today's Economic Data Highlights - Some Stuff, And POMO

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
99er's picture


But some investors have begun worrying that the market consensus for a big burst of QE may be overdone. This has been backed up by comments from some Fed officials.

Kansas City Fed President Thomas Hoenig called more asset buys by the central bank a "very dangerous gamble." New York Fed President William Dudley said the U.S. economic context would determine whether an incremental or big bang approach to asset purchases was better.

"The dollar is in a bit of a holding pattern. The market is still mulling over the U.S. QE story and dollar selling is a bit less of a one-way bet than it was," said Jeremy Stretch, currency strategist at CIBC.