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Janet Yellen Explains Why Rate-Hikes Are Bullish - Live Feed
In her first post-rate-hike press conference, Janet Yellen is about to go to extreme lengths to explain just how dovishly bullish raising interest rates is, despite leaving the Fed Funds forecast unchanged since September (i.,e. not dovish). We look forward to her explaining why she is raising rates now - as opposed to September - as economic data has nosedived and the market has done a significant job on contracting credit already. We also look forward to her explaining how, if rate hikes on the path to normalization are so awesome, why is the willingness to do it so low?
- *FED SAYS ACTUAL RATE PATH TO DEPEND ON ECONOMIC OUTLOOK, DATA
Which is odd, since as the macro "data" got worse, market "data" got better:
Live Feed:
The key highlights:
- YELLEN: WE HAVE SUSPENDED AGGREGATE CAP ON RRP TRANSACTIONS
- YELLEN: FED TO MONITOR MARKETS CLOSELY, MAY ADJUST TOOLS
- YELLEN: I CONTINUE TO JUDGE THAT SLACK REMAINS IN ECONOMY
- YELLEN: COMMITTED TO NOT ALLOWING SUB 2% INFLATION TO PERSIST
- YELLEN: I'VE BEEN SURPRISED BY FURTHER DROP IN OIL PRICES
- YELLEN: IF ECONOMY DISAPPOINTED, WE WOULD BE MORE ACCOMMODATIVE
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one of these days alice
CNBC can’t stop saying how dovish the fed statement is, but a rate hike is tightening plain and simple. The markets are buying the “a rate hike is dovish” BS for now, but we’ll see how long that lasts when reality hits.
Don’t let the markets see this chart.
Looks like I might have to open up a soup kitchen.
My first and ONLY customer:
>>> Janet Yellen on foodstamps <<<
Idiosyncratic inflation? That's a new one.
Dow up 190+. How much of that is people jumping out of bonds? vs. getting into stocks b/c the economy is good...
Once again Old Yeller is delivering the shorts a hot poker up their ass for Christmas.
AUDIT THE FUCKING FED NOW AND THEN KILL ALL OF THESE BASTARDS INCLUDING THE PPT.
FUCKING CORRUPT ASSHOLES STEALING FROM 99 PERCENT OF AMERICA FOR THE PAST DECADE PLUS.
WHY THE FUCK DO THEY GET THE OPTION AS TO WHETHER THEY WANT TO BE AUDITED OR NOT?
AUDIT THESE FUCKERS THIS SECOND!!!
Agreed. Apparently, enough congressmen know how rigged it is, and are rightly concerned about the truth coming out.
It's bullish only to the extent it affects USDJPY. The yen carry trade -- and, to some extent oil prices -- are still ALL THAT MATTER.
Yellen "don't need to see oil prices rebound" translates into we'll keep oil prices low so we can sell the BoJ on further declines in the yen and rationalize continued dovish monetary stance.
http://pebblewriter.com/just-another-day/
Mr Yellen doesn't have a clue whatsoever how a real economy works. It's all about the "markets", of wich she get paid big bucks true her new employer Goldman Sucks.
Tar and feathers is all I say. (although rope and lamppost will do even better)