This page has been archived and commenting is disabled.

Goldman's FOMC Expectations

Tyler Durden's picture




 

With 45 minutes left to go, only one thing matters: what does Goldman think (the other issue of whether Jan Hatzius shared a meal with Bill Dudley at the Pound and Pence will remain unknown until the next batch of Dudley daily "minutes" are released in a few months). So for all those scrambling for an edge in a centrally-planned world, here it is, via Goldman's Francesco Garzarelli : "Turning to today’s FOMC announcement and press conference, our US Economics team expect Chairman Bernanke to stick to the same message on ‘tapering’ of bond purchases used in previous pronouncements on the matter, but also emphasize that reducing the expansion of the balance sheet does not imply that the Fed is anywhere close to hiking rates. We think this is broadly what bondholders are also expecting to hear."

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 06/19/2013 - 13:23 | 3672026 SheepDog-One
SheepDog-One's picture

FUCK OFF GOLDEN SLACKS!

Wed, 06/19/2013 - 13:40 | 3672101 icanhasbailout
icanhasbailout's picture

today, they're Goldman Horoscopes

Wed, 06/19/2013 - 14:01 | 3672182 dksrox
dksrox's picture

um, Whoroscopes, no?

Wed, 06/19/2013 - 13:40 | 3672103 gmrpeabody
gmrpeabody's picture

The ONLY tapering the Fed is ever likely to do would be to cut back on MBS and divert that money towards government deficits. Bearish for the $, bullish for PMs.

The rest is all talk...

Wed, 06/19/2013 - 13:23 | 3672027 ThunderingTurd
ThunderingTurd's picture

Bulearish?

Wed, 06/19/2013 - 13:28 | 3672046 RacerX
RacerX's picture

Optimistically Bearlish.

Wed, 06/19/2013 - 13:24 | 3672031 slaughterer
slaughterer's picture

"expect Chairman Bernanke to stick to the same message on ‘tapering’ of bond purchases used in previous pronouncements on the matter"

EXPECT 3 DAY SELL-OFF THEN.  IDIOTS.

Wed, 06/19/2013 - 13:26 | 3672036 Cursive
Cursive's picture

Uh, me thinks that would mean a sell-off.  That, and interest rates will eventually do their thing, regardless of the Fed.

Wed, 06/19/2013 - 13:28 | 3672047 JJ McApe
JJ McApe's picture

You can't print prosperity. It comes from hard work, discipline and savings. Bernanke and the Fed's policies have discouraged all three.

Wed, 06/19/2013 - 15:30 | 3672721 Kirk2NCC1701
Kirk2NCC1701's picture

My name is Bond.  Sam Bond.

Licensed to kill.

Wed, 06/19/2013 - 13:35 | 3672053 SheepDog-One
SheepDog-One's picture

Business Insider reports Bernank has been fired since Monday? Who knows if that's true maybe today will be the day Bernank drops a huge steaming FOMC turd? 

Larry Meyer: Obama Fired Bernanke - Business Insider

Wed, 06/19/2013 - 13:30 | 3672062 orangegeek
orangegeek's picture

Fed doesn't "hike rates" - the market does.

 

http://bullandbearmash.com/about/us-prime-rate/

Wed, 06/19/2013 - 13:34 | 3672076 natronic
natronic's picture

Well of course they are making predictions, they helped write it.

Wed, 06/19/2013 - 13:36 | 3672089 unwashedmass
unwashedmass's picture

totally ready. picked out gold & silver buys ....at the ready...looking for the epic bash down......pray to god they go at silver......looking for 500 oz

Wed, 06/19/2013 - 13:39 | 3672100 slaughterer
slaughterer's picture

If there is a taper announcement, you will see silver at $19 in a week.

Wed, 06/19/2013 - 13:41 | 3672110 fonzannoon
fonzannoon's picture

I am holding out for $15. Then I max out credit and go all in and go galt.

Wed, 06/19/2013 - 14:02 | 3672184 Non Passaran
Non Passaran's picture

If we get to that it's gonna be baaad!

Wed, 06/19/2013 - 13:43 | 3672116 gjp
gjp's picture

And stocks up another 5% or 10%.  Because only precious metals respond to Fed lies about monetary restraint.  While paper markets keep getting goosed by the truth of printing presses on overdrive.

Wed, 06/19/2013 - 13:49 | 3672143 unwashedmass
unwashedmass's picture

oh please....they don't respond to Fed comments, they respond to manipulated paper deluges....gimme a break. we all know the Comex is crooked. 

Wed, 06/19/2013 - 13:46 | 3672125 Frank N. Beans
Frank N. Beans's picture

I'm on the list of people to whom the Fed provides an early look at their decision.  With 20 minutes until the announcement, I just got the word, and I'm going to let you all in on it:

Ben is going to say that what with the economy doing so well, with unemployment falling and low inflation, he is tapering the bond buying by exactly 1 dollar per month, starting in 2018.

I suggest everyone go short.

Wed, 06/19/2013 - 14:08 | 3672235 GMadScientist
GMadScientist's picture

This market won't accept anything south of "to the moon!".

Wed, 06/19/2013 - 13:50 | 3672152 pragmatic hobo
pragmatic hobo's picture

... you guys remember the old days when you buy the rumour and sell the news? ... good old days ...

Wed, 06/19/2013 - 13:59 | 3672177 GMadScientist
GMadScientist's picture

"Dear Plebes, there's still plenty of room in the roach motel..."

Wed, 06/19/2013 - 15:27 | 3672707 Kirk2NCC1701
Kirk2NCC1701's picture

So, for a while at least, Bonded We Stand?

Mon, 06/24/2013 - 06:43 | 3685930 thatmakes1
thatmakes1's picture

With the MOTOR TREND Used Cars program, two of the biggest automotive brands, MOTOR TREND and EasyCare, guarantee that you will drive away from the dealership confident - and stay confident - in your used cars. MOTOR TREND Certified Vehicles is the first certified vehicle program to be specifically developed to deliver a superior consumer experience from purchase through ownership.

Do NOT follow this link or you will be banned from the site!