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Home > Fed, As Expected, Says Nothing New - Full Redline Comparison With September Statement

Fed, As Expected, Says Nothing New - Full Redline Comparison With September Statement

By Tyler Durden
Created 10/24/2012 - 13:17
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/24/2012 13:17 -0500



 

As we noted earlier, the Fed tweaked the language a little on the latest economic data but chnaged nothing on their plans for our 'great recovery':

  • *FED SAYS HOUSING SECTOR SHOWS SOME FURTHER SIGNS OF IMPROVEMENT
  • *FED SAYS U.S. HOUSEHOLD SPENDING ADVANCED `A BIT MORE QUICKLY'
  • *FED REPEATS `EXCEPTIONALLY LOW' RATES AT LEAST THROUGH MID-2015
  • *FED REPEATS IT WILL CONTINUE OPERATION TWIST THROUGH YEAR-END
  • *FED TO KEEP BUYING $40B A MONTH OF MORTGAGE-BACKED SECURITIES
  • *FED REITERATES `SIGNIFICANT DOWNSIDE RISKS' TO ECONOMY

Full statement link [2]

Pre: 10Y 1.775, ES 1410.5, Gold 1701, EUR 1.2964

Below is the redline comparison with the last statement:

[3]

 

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Source URL: http://www.zerohedge.com/news/2012-10-24/fed-expected-says-nothing-new

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.federalreserve.gov/newsevents/press/monetary/20121024a.htm
[3] http://www.scribd.com/doc/111032534/FOMC-Redline-October