The 4 key phrases from today's FOMC Statement are:
- "Strong Jobs Gains" instead of "Solid Job Gains",
- "Considerable time" sentence dropped entirely
- "Solid Pace" instead of "Moderate Pace" For Economy
- Add "Inflation is anticipated to decline further in the near term" as new language
And voila, a hawkish policy statement... sending stocks, crude, and bond yields sliding on the news.
"Strong Jobs Gains" instead of "Solid Job Gains"
— zerohedge (@zerohedge) January 28, 2015 [4]
"Considerable time" sentence dropped entirely: algos no longer have the green light to buy
— zerohedge (@zerohedge) January 28, 2015 [5]
"Solid Pace" instead of "Moderate Pace "
— zerohedge (@zerohedge) January 28, 2015 [6]
* * *
Initial pop and now Stocks, crude and bond yields tumbling...
[7]
Crude crashed to new cycle lows...
[8]
... just as the Fed predicted moments ago:
"Inflation is anticipated to decline further in the near term" - new language
— zerohedge (@zerohedge) January 28, 2015 [9]
The entire curve is dropping (even short-term rates)...
[10]
* * *
Full Statement:
