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Dudely Admits Fed Actions Dictated By "Market Reaction"- Live Feed

Tyler Durden's picture




 

Update: Dudley just admitted what everyone has long suspected - it is Dow Data Dependent: "How we react after liftoff will depend on how the market reacts."

  • *DUDLEY: FED RATE PATH WILL BE SHAPED PARTLY BY MKT REACTION

William Dudley speaks.. and the market front-runs.. as he indicates that weakness in March is due to the weather (hawkish) but that "the timing of the Fed's first rate hike is later" (dovish)... data dependent... blah blah blah...

  • *DUDLEY SAYS WOULDN'T TAKE HUGE SIGNAL FROM MARCH PAYROLLS DATA
  • *DUDLEY SAYS DROP IN ENERGY PRICES A GOOD THING ON BALANCE
  • *DUDLEY SAYS RECENT DATA HAS SURPRISED TO THE DOWNSIDE
  • *DUDLEY EXPECTS BUSINESS INVESTMENT TO ACCELERATE
  • *DUDLEY: CAN IMAGINE SCENARIOS IN WHICH JUNE LIFTOFF IS IN PLAY
  • *DUDLEY SAYS RATE RISE DEPENDS ON DATA
  • *DUDLEY SEES REASONS TO ERR ON SIDE OF BEING LATE ON RATES

Live Feed: (click image for live feed via Reuters)

* * *

The "market" is hanging on every word...

 

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Wed, 04/08/2015 - 10:11 | 5970490 LawsofPhysics
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Good, now stop jawboning and raise rates motherfucker.

Wed, 04/08/2015 - 10:19 | 5970516 thunderchief
thunderchief's picture

It is just like that old Monkeys song,

And the beat goes on...

Just more time to buy and store gold and silver while these monkeys monkey the system a little longer.

Wed, 04/08/2015 - 10:26 | 5970552 Headbanger
Headbanger's picture

Exactly Laws..

The Feral Resoive has no choice but to raise rates sooner than later

Wed, 04/08/2015 - 11:18 | 5970822 TruthInSunshine
TruthInSunshine's picture

*BREAKING NEWS*

--Bill Dudley choked this morning on bankster cock during bukkake session and had to have emergency tracheaotomy.

Wed, 04/08/2015 - 11:33 | 5970923 NotApplicable
NotApplicable's picture

Well that's not very "dudely" of him.

Thanks for the LOL, Tylers!

Wed, 04/08/2015 - 11:35 | 5970930 max2205
max2205's picture

Using the word liftoff.....more like flameout or fizzle 

Wed, 04/08/2015 - 11:58 | 5971093 NoTTD
NoTTD's picture

Sonny and Cher, not the Monkees.

Wed, 04/08/2015 - 10:18 | 5970524 JRobby
JRobby's picture

Rates? WTF are those?

Wed, 04/08/2015 - 10:24 | 5970548 SoilMyselfRotten
SoilMyselfRotten's picture

Every decision is market based? How about Main St based you tools.

Wed, 04/08/2015 - 11:24 | 5970864 KnuckleDragger-X
KnuckleDragger-X's picture

Market based=mega-banker and Wall St. bonuses.....

Wed, 04/08/2015 - 11:35 | 5970934 Fun Facts
Fun Facts's picture

FED actions dictated by the FED shareholders and kosher nostra headquarters, the BIS.

Wed, 04/08/2015 - 10:39 | 5970618 XqWretch
XqWretch's picture

Seriously... amazing. How does this end? It has to end soon...

Wed, 04/08/2015 - 10:28 | 5970569 Stoploss
Stoploss's picture

Yeah fuck the FED how's our little hard money Asia banks coming along?

 

Wed, 04/08/2015 - 10:28 | 5970574 indygo55
indygo55's picture

Must, Get. To, September. 

Wed, 04/08/2015 - 11:33 | 5970919 blowing winter
blowing winter's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Wed, 04/08/2015 - 11:59 | 5971099 NoTTD
NoTTD's picture

Never happen.  Crash, then rates rise on their own.

Wed, 04/08/2015 - 14:55 | 5972147 Condition 1SQ
Condition 1SQ's picture

And people wonder why the wealth gap is widening. Assholes like this at the feeding trough. The feeding trough WE fill every fucking day through our labor. Horrendous.

Wed, 04/08/2015 - 10:11 | 5970491 Haus-Targaryen
Haus-Targaryen's picture

NVM the best home sales (jobs are normally coorelate directly thereto) were from parts of the country with the worst weather. 

Wed, 04/08/2015 - 10:12 | 5970493 q99x2
q99x2's picture

Jade Helm that F'er.

Wed, 04/08/2015 - 10:14 | 5970504 Racer
Racer's picture

They can't even raise it one quarter of one percent after how many YEARS?

Says it all

Wed, 04/08/2015 - 10:15 | 5970505 ejmoosa
ejmoosa's picture

What about the drop in year over year profit growth after taxes Dudley?

Should we ignore that as well?

 

 

Wed, 04/08/2015 - 10:15 | 5970508 Panic Mode
Panic Mode's picture

Yeah. It's the Mar's weather affect the economy.

Wed, 04/08/2015 - 10:16 | 5970510 Goldbugger
Wed, 04/08/2015 - 10:16 | 5970512 actionjacksonbrownie
actionjacksonbrownie's picture

Can we not get some "adjustments" for all this cold weather and snow that keeps arriving in the winter months??

Wed, 04/08/2015 - 10:16 | 5970514 This is it
This is it's picture

This is easy. The FED will and will not do it. Nothing more to look here, kthxbye.

Wed, 04/08/2015 - 10:17 | 5970520 Law97
Law97's picture

OK, then lets see the market give back this week's "hike postponed" gains.  ...Ah, didn't think so...

Wed, 04/08/2015 - 10:18 | 5970521 JRobby
JRobby's picture

It is the predicted second collapse

Wed, 04/08/2015 - 10:19 | 5970525 TabakLover
TabakLover's picture

DUDLEY SAYS I'M A BOUGHT AND PAID FOR SHILL FOR THE BANKS

Wed, 04/08/2015 - 10:20 | 5970531 JRobby
JRobby's picture

*DUDLEY: CAN IMAGINE SCENARIOS IN WHICH JUNE LIFTOFF IS IN PLAY

that is an awful lot of hot dogs hamburgers and funnel cakes..............................

Wed, 04/08/2015 - 10:22 | 5970540 Counterpunch
Counterpunch's picture

Fucking Saruman to Fischer's Sauron (Janet is Wormtongue).

 

The real money is in the volatility.

 

And dick pills.

 

 

 

 

Wed, 04/08/2015 - 10:22 | 5970542 thismarketisrigged
thismarketisrigged's picture

what a fucking jackass, seriously. ya, it must be the weather, not the fucking economy u mother fucking jackass goldman banker. jan and feb, where temps across a good portion of the nation were bitterly cold and saw some big storms, these fuckers were cheering about how good the economy was bc those job numbers were real. then for march we get a truly shitty number, and all the sudden its the fucking weather??

 

hey douchebag dudley, maybe its the fucking economy is beyond shit, that is why the job numbers have sucked forever, not because the fucking weather.

the weather we saw this past winter, is typical of fucking winter. we have seen this type of weather every winter, and it will most likely happen again next winter and the following ones.

back in the day when the economy was actually good without fucking bankers getting in the way, believe it or not, jobs were being created in the fucking winter, when it was fucking cold and snowy. if someone needs to support there family or whomever, they r not going to not work becuase its 30 degrees outside or because its snowing.

 

fuck u dudley and ur goldman cronies, i hope u guys get what u deserve one day u fucking bastards.

Wed, 04/08/2015 - 10:26 | 5970558 prefan4200
prefan4200's picture

@thismarketisrigged - I could not have written it better myself.  Also, I am a fan of your work in expletives - well-placed and creates the exact correct notes of outrage.  Well done !

Wed, 04/08/2015 - 10:34 | 5970597 thismarketisrigged
thismarketisrigged's picture

thanks man, i try, but this is truly getting frustrating.

 

these assholes are stealing from us on a daily basis and they continue to get away with it.

makes me sick.

 

Wed, 04/08/2015 - 12:04 | 5971131 prefan4200
prefan4200's picture

Agree completely.  Really fucking frustrating.  And you know they will never pay for it.  Sometimes I think things won't change until there are heads on poles on Wall St and Washington.  And if it goes that medieval, no one will recognize what the US has become.  It's not something I wish for, but I have no insight into how this ends, except it will be ugly.  Really really really fucking ugly.

Wed, 04/08/2015 - 10:31 | 5970588 madbraz
madbraz's picture

particularly liked the part "the fucking bankers".  what a despicable bunch.

 

wish we could have a small part of the country secede, have all the TBTF bankers and FED types move there.  the place wouldn't last 10 years.  they would steal from themselves and destroy whatever good was there before.  would love to hear their research departments claim how bullish it is that everyone in their territory is a thief and how that bodes well for the future.

Wed, 04/08/2015 - 10:36 | 5970609 thismarketisrigged
thismarketisrigged's picture

agreed man, that would be great. 

 

these bankers dont deserve to live anywhere. they should all be put on death row. they have been basically raping us in financial terms for the past decade, and everyone just watches and does nothing.

 

hopefully they get what they deserve very soon, and it will not be pretty.

Wed, 04/08/2015 - 10:38 | 5970617 JRobby
JRobby's picture

late breaking story this Sunday night: "Fed Governor Dudley drowned in an apparent boating accident" "More on this as details emerge"

Wed, 04/08/2015 - 10:23 | 5970544 NoIdea
NoIdea's picture

So, five minutes after raising interest rates the Fed will be forced to reduce them again after the market reacts badly.

Wed, 04/08/2015 - 10:23 | 5970546 BouncingCat
BouncingCat's picture

Basically he's saying, pay no attention to the BLS or any other forecasting/reporting agency because their "adjustments" for seasonality, weather, climate, etc are worthless. Except when those adjustments fit the narrative. More research must be done in adjustments so they correlate 100% with the narrative.

Wed, 04/08/2015 - 11:40 | 5970973 Boubou
Boubou's picture

Policy-based evidence gathering

Wed, 04/08/2015 - 10:26 | 5970555 Madcow
Madcow's picture

We have 30 years of bankruptcy, default, debt repudiation and contract abrogation ahead of us. 

These guys are serious about "no more kicking the can down the road."  Its time to swallow our medicine

Watch the US Dollar rocket higher each and every year for the next 30 years as asset prices and commodies fall by 90%.

 

Wed, 04/08/2015 - 10:27 | 5970561 madbraz
madbraz's picture

NY FED's Bill Dudley:  "As long as the person in charge of the NY FED, with our 300+ person trading desk, has control over all the assets in the Federal Reserve system, unsupervised, unnaccounted for, this manipulative sh*tshow will continue.  As long as the NY FED does this, kids in this country will continue to be poorer than their parents and, at some point down the road, they will no longer accept it."

Wed, 04/08/2015 - 10:29 | 5970564 Squid Viscous
Squid Viscous's picture

Hang him...ASAP

Wed, 04/08/2015 - 10:28 | 5970570 john_connor
john_connor's picture

Nothing new here, move along.  Its called a liquidity trap.

 

BTW what a douche.

Wed, 04/08/2015 - 10:28 | 5970575 jamochavez
jamochavez's picture

What a cunt. Is the equity market in the Feds mandate. Fuckin bernake the courage to act. Courage. Fuck him. We are beyond absurd

Wed, 04/08/2015 - 10:37 | 5970614 MATA HAIRY
MATA HAIRY's picture

arrest this bastard for treason

Wed, 04/08/2015 - 10:42 | 5970628 Quinvarius
Quinvarius's picture

No matter what these clowns do, the markets want to implode.  It is only their bid holding these prices.  They are more ignorant than any dotcom bubble chaser in every market they enter.  The best part is, they still have not figured it out.  You can protect yourself before it breaks horribly.  And something will break horribly.

Wed, 04/08/2015 - 10:43 | 5970638 nakki
nakki's picture

If I didn't know any better it would appear that the people at the FED are really bad at their job, have no idea what they're talking about and clueless about how QE has worked AFTER 7 YEARS. 

I however know that they work for the BANKS and could careless about the real economy or main street.  They'll always have an excuse not to raise rates, even a token amount. The economy (STOCKS) not being able to handle a .5% rise in FED FUNDS tells you all you need to know about this ponzi. 

Wed, 04/08/2015 - 10:47 | 5970651 Toolshed
Toolshed's picture

You know things have gotten really bad when even high level criminals demonstrate their stupidity on the public stage.

Wed, 04/08/2015 - 10:59 | 5970718 SillySalesmanQu...
SillySalesmanQuestion's picture

Kevin's Daily Checklist

Must keep oil at +$50/bbl
Must keep Euro at +$1.08
Must keep yen at -$1.20
Must keep Gold at - $1200

Wed, 04/08/2015 - 11:38 | 5970962 Boubou
Boubou's picture

Must keep the workers.......oh, who gives a fuck

Wed, 04/08/2015 - 11:01 | 5970729 yogibear
yogibear's picture

William Dudley, of the NY Fed,  is a Goldman boy. 

He's doing it to enrich his buddies at Goldman. 

Dudley's real place should be in prison.

Wed, 04/08/2015 - 12:10 | 5970753 Arthur Schopenhauer
Arthur Schopenhauer's picture

https://www.youtube.com/watch?v=9bVGTVrQd6M

Say it ain't so, Joe please. Say it ain't so

That's not what I want to hear, Joe. And I've got a right to know

Say it ain't so, Joe please. Say it ain't so

I'm sure they're telling us lies, Joe. Please tell us it ain't so

They told us that our hero Has played his trump card

He doesn't know how to go on We're clinging to his charm

And determined smile But the good old days are gone

The army and the empire may be falling apart The money has gotten scarce

One man's word held the country together But the truth is getting fierce

Say it ain't so, Joe please Say it ain't so

...

Wed, 04/08/2015 - 11:07 | 5970768 matinee55
matinee55's picture

can't we replace these corrupt appointed oligarch banksters with an algo?

Wed, 04/08/2015 - 11:26 | 5970878 yogibear
yogibear's picture

Anyone  that's a threat to this evil cabal ends up committing suicide.

Wed, 04/08/2015 - 11:18 | 5970823 Omega_Man
Omega_Man's picture

When are the good people of the USA going to attack, trash, and burn all of these FED offices and arrest the dual citizen spies who work there?

Wed, 04/08/2015 - 11:19 | 5970832 Omega_Man
Omega_Man's picture

They are like trained seals spouting their filth.

Wed, 04/08/2015 - 11:36 | 5970945 Boubou
Boubou's picture

Hey!   I like seals

Wed, 04/08/2015 - 11:57 | 5971088 NoTTD
NoTTD's picture

What's the coming "liftoff" shit?  Is that the same "liftoff" we've been promised for two years?  Why does this shit even get published?

Wed, 04/08/2015 - 12:00 | 5971105 Herdee
Herdee's picture

Why the Fed Chair even lets all these morons speak and manipulate markets is  a big problem.These Central Bankers have taken over the United States.

Wed, 04/08/2015 - 12:01 | 5971116 Spungo
Spungo's picture

What would happen if they did a live broadcast of him having sex? Would algos buy during sex then panic sell at the end?

Wed, 04/08/2015 - 12:55 | 5971406 teslaberry
teslaberry's picture

funny how the monkeys believe the fed will raise rates . qe4 is coming sooner or later bitches.

the meltdown occurs with prices going upwards NOT downwards. ALWAYS. this is the ONLY thing in history that occurs.

the u.s. system is too weak to sustain a stock market crash . they know it.

Wed, 04/08/2015 - 13:03 | 5971447 Mr_mud
Mr_mud's picture

He probably would be less of an ass if his name really was Dudely.

Wed, 04/08/2015 - 13:03 | 5971448 Mr_mud
Mr_mud's picture

He probably would be less of an ass if his name really was Dudely.

Wed, 04/08/2015 - 13:36 | 5971615 Chuck Knoblauch
Chuck Knoblauch's picture

Dudely looks like an old man.

The job is sucking the life out of him.

Poor man with a rich bank account.

Wed, 04/08/2015 - 13:36 | 5971619 khakuda
khakuda's picture

In other words, the fed continues to give the market the MOAR it wants. Surprised?

Wed, 04/08/2015 - 14:17 | 5971883 BoPeople
BoPeople's picture

By "market" reaction they mean "international mega-bank" reaction, right?

They care nothing for the needs of the human race.

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