Fed Tapers Another $10 Billion, Slashes Growth Expectations, Says Policy "Remains Appropriate"

Tyler Durden's picture

With modest positive growth adjustments expected, a continued taper (of $10bn), and no "rate-hikes-are-imminent" warnings, the FOMC statement provides more dovish confidence.



  • FED: 2014 GDP GROWTH OF 2.1%-2.3% VS 2.8%-3.0% IN MARCH

So everything's fine, taper is on... but we are slashing growth this year dramatically. Pre-FOMC: S&P Futs 1933, Gold $1271, 10Y 2.62%, 2Y 0.46%

The redline from the April statement shows barely any changes, and certainly all the qualitative language is virtually untouched.

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StacksOnStacks's picture

They forgot the negative signs in front of those GDP numbers.

AllThatGlitters's picture

Check out gold dipping:

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

Love the whipsaws post-fed.

Xibalba's picture

"We have no idea why what we're doing isn't working, so we're gonna quit.  But it's working, so it's appropriate."

NotApplicable's picture

Given the taper is but a sleight-of-hand, CONfidence inducing mechanism, I eagerly await the day when "the market" has to react to no more QE left to "taper."

Should be fun.

NoDebt's picture

So who's got the word-count on this one?

ebworthen's picture

Hilsenrath had it two days ago.

Occident Mortal's picture

USA needs to follow the UK and cut government budgets.

Short term pain but necessary.

Also stop throwing taxpayers under the wheels of Zombie banks.

ZerOhead's picture
Fed Tapers Another $10 Billion, Slashes Growth Expectations By $10 Billion...
ThirdWorldDude's picture

Fed Redirects Another $10 Billion To "Belgium", Slashes Growth Expectations...


Fixed it! ;)

Thought Processor's picture



So......... I guess the mystery buyer in Belgium will be adding 10 billion or so to their buying program.


Cause someone's gotta make up the difference.

Say What Again's picture

That was fun.

We now return to our regularly scheduled HFT sodomization of the market.

aVileRat's picture


Not rocket surgery. Leveraged economies can't do much beyond 300 bps.

On another news, it's game on until the conditioning of 1994/95 take hold. Then again, market was pricing in a full Taper by August led by bear side, so its kind of positive for another few months.

Be sure to TIPS your waiter. (sic)



RevRex's picture

Fed tapers 10 billion, 'Belgium' increases bond buying by 20 billion

pods's picture

Yep, this QE is peanuts of the CBs really have 29 trillion tired up in the market.


wanderintheland's picture

Now compare gold to the strength of The Mighty Silver:


CrashisOptimistic's picture

"FED: 2014 GDP GROWTH OF 2.1%-2.3% VS 2.8%-3.0% IN MARCH"


That looks an awful lot like a knife shoved in the back of January bond shorters.

AllThatGlitters's picture

Buying gold and silver is the ultimate FU to the Fed.

The problem has been that we've been paying a lot to merely flip the fed off.

When is the reward for standing up?

Kaiser Sousa's picture

precisely Glitter...

"they hate us for are Real Money..."

slaughterer's picture

Buy the announcement, sell the presser. 

Squid Viscous's picture

as long as Stanley Fischer signed off on this, then I'm OK with it, because he's a true American patriot! Always putting his country first...

Leonardo Fibonacci2's picture

The_Ungrateful_Yid wrote "FUCK THE FED"   

No the Fed will Fuck you many times over as the grand puppeteers are hard at work to enslave everyone. Look up the Denver International Airport murals.  A major genocide is coming sooner than anyone can imagine.

THX 1178's picture

Paging Belgium...

Help a brother out...

NidStyles's picture

Now if only the EPA would pull the boot off of everyone's throat.

Dr. Engali's picture

Belgium will save us.

NidStyles's picture

Isn't that where the EU was born?

SDShack's picture

"Help us O-Belgium-Konobe, you're our only hope!"

B2u's picture

Fuck you Yellen.

CH1's picture

Fuck you Yellen.

Fuck you Yellen's bosses!


Grandma slipped and fell and will be unable to attend the Q&A session post FOMC announcement.

Hippocratic Oaf's picture

Who the fuck junk votes down a 'fuck you yellen'?

Is steve lies-man on here today?

Hey stevie, does she have a dick? C'mon dude, we want to know

CH1's picture

Who the fuck junk votes down a 'fuck you yellen'?

Not me.

orangegeek's picture

10B taper - now $35B per month


2.1 growth - that means 9 months at 4.1 growth to cover Q1


if it's not bullshit, then something is wrong

alien-IQ's picture

not "something"...EVERYTHING is wrong.

CrashisOptimistic's picture



-1 + 4.1 + 4.1 + 4.1 = 11.3 / 4 = 2.83.

You're a bit off.



kowalli's picture

-1.6 +4.1*3=10.7/4=2.7

-1.6 +3x=2.1*4 => x= (8.4+1.6)/3=3.3

CrashisOptimistic's picture

1.6 isn't official yet, but I'm glad to see I wasn't the only one to want to punch those numbers into a calculator.

alien-IQ's picture

and the market keeps rising?

AccreditedEYE's picture

As I said in my pre-Fed posts, to believe it is going to do anything other than rise is batshit crazy.

RealityCheque's picture

Fuck you Janet. Hope your next shit's a double hedgehog.

You are a criminal cunt, surrounded by, advised by, and called friend by, more criminal cunts.

madcows's picture

I had a double helping of VIX yesterday and an extra helping of JPY cocktail for dinner..  I shit a double hedgie, backwards this morning.  I think the guy in the stall next to me heard me crying.

Kaiser Sousa's picture

yeah they tapering while buying 80% of all new issuances and buying 29 trillion in overpriced equities to keep the Fraud Markets elevated...

listen up...


RealityCheque's picture

And "Belgium" just found another 10 billion in its monthly account....somehow.

Dr. Engali's picture

I remember in 06 the fed would hike rates .25% at every meeting like clockwork and then all of a sudden....BOOM! Next thing you know in 07 they can't cut rates fast enough. It will be that same way with the pretend taper.

JRobby's picture

Of course the questions that will never be asked by the special prosecutor that will never be appointed:

Who know what and when did they know it????????????????............................

twh99's picture

They must continue the taper, because the inflation monster is stirring!