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

Comment viewing options

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

Expected outcome. The Federal Reserve is clueless.

insanelysane's picture

Lying and laughing all the way to the bank.

Stoploss's picture

**FED** "UHHhhhhhh"

LOL!!  Taper!

NewThor's picture

What is it about QE4EVER that people don't understand?

 

QE4EVER means Quantitative Easing Forever.

AllThatGlitters's picture

Yet the precious still gets smashed, LOL:

Live Gold: http://www.pmbull.com/gold-price/

Live Silver: http://www.pmbull.com/silver-price/

Buy it up, before the dealers crank the premiums back up!

Say What Again's picture

Question of the day, month, & year...

Ben, what are you so afraid of?

Big Slick's picture

“Household spending advanced”

They’re not kidding… I know that our household has had to spend money to replace the boat that was lost... in the accident.

 

AllThatGlitters's picture

Was that dip down just a head-fake? Look at it turn around now. How predictable.

Stoploss's picture

As long as the word "increase" follows the word prepared, in any sentence, is all you need to see to verify no end in sight..

knukles's picture

Ah hah!
The aggregate collective AAARRRRAGHHHHH!

 

Nothing is rallying, not a goddamned thing
Fucking way to go, Ben!

So what's the message?
The economy is falling apart, crisis mode maintained, fucking dismal crapola all around.

Let's have a panic.  Hows about a good olde fashioned panic?
Sounds good to me!
Hows about nobody has a fucking clue?
Hows about we're still in a Liquidity Trap?
Hows about there is no final demand, the world is weakening, monetary stimulus is gonna stay strong....
What the fuck else is new?

 

Nothing Has Changed....

FL_Conservative's picture

Would love for a chance to beat the piss and snot out of the chairsatan.  I hate that fucker.  Did you get that NSA??

kralizec's picture

Anybody knock at the door?

Remember, shoot first, worry later.

FL_Conservative's picture

Not yet.  But I'm sure there's a drone fixed on my 20, if I looked out the window.

knukles's picture

Just make sure you use a Joey the Plugs approved break action 12 guage.

Mr. Poon's picture

You'd just be validating him.  If he gets attacked by unstable people who read Zero Hedge, he'd figure he must have been doing something right.

A much better and more fitting approach?  Forget him.  Leave him to join Greenspan, wandering around the back corridors of Washington as a has-been, desperately hoping - in vain - to get invited back onto a television show so he can explain how misunderstood he was, and how everything that went wrong wasn't really his fault.

knukles's picture

Dude, that's mean

 

giggling like little girl

Winston Smith 2009's picture

"If he gets attacked by unstable people who read Zero Hedge"

Please put "unstable people" in quotes... or I will hunt you down!

;-)

nope-1004's picture

The large financial institutions are insolvent and Treasury purchases have been dropping off by foreigners.  Someone needs to keep this ponzi going.  TAPER was all bullshit, and will continue to be.

 

yogibear's picture

Yellen, Resegren. Evans and Dudley are all max money printers.

All following Japan down the rat hole.

unwashedmass's picture

well they don't eat or drive cars. or heat their houses. 

icanhasbailout's picture

Told ya so. Whatever it takes to keep the presses printing.

Mr. Poon's picture

That vertical line in my charting software at 2 p.m. doesn't exactly spell out "expected outcome".

Winston Smith 2009's picture

"The Federal Reserve is clueless."

No, they're helpless. Like The Three Stooges, they've painted themselves into a corner, built themselves into a room with no door. All because of the many times proven to be horribly inaccurate economic theory and model they cling to.

Rathmullan's picture

And worse, the chairman is an irresponsible coward - just like his predecessor. The message (and the policy) will always be fashioned in a way to avoiding roiling the market, with extreme prejudice given to avoid roiling to the downside. 

Colonel Jessup's picture

The Fed is neither clueless nor incompetent - this is going exactly per plan. This is about the desctuction of the dollar, and the US itself. That is the end game, and there can't be much doubt about it. Nobody is this stupid or incompetent - everything that is going on now have been planned for many years. It's show time now, and you can almost see The Bernank relishing every mkinute of that announcement.

Non Passaran's picture

I suppose we're now supposed to divert our attention to other CBs (Japan, China, EU). Somebody do something! We need Draghi to implement negative interest rates or Kuroda to do print .... more.

Jaspergers's picture

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson

JJ McApe's picture

no taper till world war 3

Dollar Bill Hiccup's picture

No Taper = SPX sells ... hmmm. Well, for thirty seconds more perhaps ...

azengrcat's picture

22222222222222222222222222222222222222222222222222222222222222

ebworthen's picture

Lookout in the Crow's Nest of the Titanic:  "Captain!  There is a gigantic iceberg dead ahead!"

Captain of the Titanic:  "Steady as she goes."

Cheeseus Sonofdog's picture

1% inflation year over year? I think they made a typo and meant month over month. That is still understating the stagflation going on...

Lore's picture

Labour market shows "further improvement?"  IN WHAT CONTEXT? 

Sure getting tired of the lies.

John Williams puts inflation at 9%.  We're seeing it all over the place.

Village Smithy's picture

Mr. Bernanke, what are you afraid of!

 

saveUSsavers's picture

Bernanke= FINANCIAL TERRORIST

Dr. Engali's picture

There can not and will not be a taper. There will only be moar printing until this thing blows up. We haven't seen anything yet. Wait until we are jellin with Yellen she will show the Bernank how a real man prints.

francis_sawyer's picture

I thought we'd agreed upon 'Smellin' like Hellin' Yellen'... [sorry ~ I've been in the fields ~ cuz I get my back into my living]...

~~~

https://www.youtube.com/watch?v=gY5rztWa1TM

NoDebt's picture

Cue the individual Fed-Heads to hit the airwaves and jawbone about tapering the next couple weeks.  They'll talk about it to keep the "speculators" from going hog-wild (as if they haven't already) but they won't actually do it.

That's been my position on this and I'm sticking by it.

nightshiftsucks's picture

And then she is going to show him how to fuck like a man

fuu's picture

Dude, off the fucking piano. Now.

francis_sawyer's picture

Careful what you wish for... bcuz at any given moment ~ one may opt for the hour long moog synth...

~~~

https://www.youtube.com/watch?v=IAISUDbjXj0

'808 State bitchez!'

fuu's picture

I always knew you were an asshole francis.

Papau New Guinea.

francis_sawyer's picture

What can I say?... I live by the river...

~~~

https://www.youtube.com/watch?v=4vHvzybkqfo

But then again... If ur into 'mashups'... You could get ricROLLED by the RIVER...

http://www.youtube.com/watch?v=hzQnPz6TpGc

~~~

...& mostly what I have to say is... [unlike 'Wall St.']...

"If you come down to the river
I bet you gonna find some people who live
You don't have to worry if you got no money
People on the river are happy to give"

francis_sawyer's picture

When I think of 'Ben & all his bitchez'... all I can think of this...

~~~

http://www.youtube.com/watch?v=0UWU2X7fk_8

francis_sawyer's picture

Not to become a 'FUU FIGHTER' or anything... But f_s did, actually, spend some 'non-QUALITY' time in the biDness...

~~~

I'm the GUY BEHIND the GUY... But here were my 'creations' back in the day... [can't say I'm totally proud, it was what it was ~ but it was fun while it lasted]...

~~~

Sweet Sensation
http://www.youtube.com/watch?v=QzyyJZktM9c

expose
http://www.youtube.com/watch?v=A77vlnXoP64

[the '2nd' most nervous f_s has ever been... but it got validated]...