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

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Tue, 10/26/2010 - 07:56 | 677158 99er
Tue, 10/26/2010 - 07:59 | 677161 99er
99er's picture

Kabuki

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.

http://www.reuters.com/article/idUSTRE69K04L20101026

Tue, 10/26/2010 - 08:04 | 677167 MarketTruth
MarketTruth's picture

POMO... yum.

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