FOMC Hints No Taper Despite More Optimistic Forecast, Bullard Is Second Dissenter - Redline Comparison

Tyler Durden's picture

The much-anticipated statement of the most powerful body in the world is upon us -

  • FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING
  • FED SAYS LABOR MARKET SHOWS `FURTHER IMPROVEMENT'
  • FIFTEEN OF 19 FOMC OFFICIALS SEE FIRST RATE RISE AFTER 2014
  • FED SAYS DOWNSIDE RISKS DIMINISHED SINCE AUTUMN
  • BULLARD, GEORGE DISSENT FROM FOMC STATEMENT

Ding Ding: we now have a new dissenter in addition to Esther George: James Bullard. And - as usual - there's a little in there for everyone aside from the fact that the rose-colored glasses view on the economy suggests that they will be, in factm, tapering at some point soon, which the market is not very happy with right now...

Pre-FOMC: S&P 500 Futs 1645, 10Y 2.21%, USDJPY 95.25, Gold $1375, Oil $98.50

May-to-June Redline comparison