Fed's Lockhart Kills Hopes Of Further QEasing

Tyler Durden's picture

As the S&P 500 makes new multi-year highs, the USD dumps, commodities surge, and AAPL just does what it does best; The Fed's Dennis Lockhart has just 'subtly' announced the walking-back of expectations of QE3 happening anytime soon, via Bloomberg:

  • *LOCKHART SAYS `MONETARY POLICY IS NOT A PANACEA'
  • *LOCKHART SAYS ECONOMIC DATA HAVE BEEN `FIRM' IN LAST MONTH
  • *LOCKHART SAYS HOUSING IS STABILIZING AND `ENCOURAGING'
  • *LOCKHART: MONTHLY UNEMPLOYMENT RISE SHOULDN'T BE EXAGGERATED
  • *LOCKHART SEES `MORE APPETITE FOR RISK'

and critically:

  • *LOCKHART SAYS DISINFLATION, DEFLATION NOT NOW A CONCERN