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The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
The Committee also released updated Staff Economic Projections. The central tendency for its 2014 unemployment rate forecast is now 6.3% to 6.6%, down from 6.4% to 6.8%.
Read more: FOMC Meeting December - Business Insider
The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
The Committee also released updated Staff Economic Projections. The central tendency for its 2014 unemployment rate forecast is now 6.3% to 6.6%, down from 6.4% to 6.8%.
Read more: FOMC Meeting December - Business Insider
The Market initially took a dip and then shot up. Bernanke held a news conference (probably his last) and was pretty straight up with what's happening. The Economy's been getting stronger.
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
Well done, Chairman.
The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
The Committee also released updated Staff Economic Projections. The central tendency for its 2014 unemployment rate forecast is now 6.3% to 6.6%, down from 6.4% to 6.8%.
Read more: FOMC Meeting December - Business Insider
The Market initially took a dip and then shot up. Bernanke held a news conference (probably his last) and was pretty straight up with what's happening. The Economy's been getting stronger.
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
Well done, Chairman.
The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
The Committee also released updated Staff Economic Projections. The central tendency for its 2014 unemployment rate forecast is now 6.3% to 6.6%, down from 6.4% to 6.8%.
Read more: FOMC Meeting December - Business Insider
The Market initially took a dip and then shot up. Bernanke held a news conference (probably his last) and was pretty straight up with what's happening. The Economy's been getting stronger.
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
Well done, Chairman.
Wow, this is big news (ok, ok, let's not get ahead of ourselves).
I wonder what were the real factors behind this decision and whether the retirement had something to do with it. Maybe they are afraid of the chinese dumping the bonds as well (like they should be), with the recent news and all.
But there's still time for republicans to sabatoge the economy before the next election.
The December FOMC decision is out.
The Fed will taper asset purchases to a monthly rate of $75 billion from the current $85 billion pace. Half of the reduction is in Treasury purchases and half of the reduction is in purchases of mortgage-backed securities.
However, the FOMC did not modify its forward guidance, leaving the unemployment rate threshold for the first rate hike at 6.5%.
The Committee also released updated Staff Economic Projections. The central tendency for its 2014 unemployment rate forecast is now 6.3% to 6.6%, down from 6.4% to 6.8%.
Read more: FOMC Meeting December - Business Insider
The Market initially took a dip and then shot up. Bernanke held a news conference (probably his last) and was pretty straight up with what's happening. The Economy's been getting stronger.
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
Well done, Chairman.
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
The banks took all that money, kept and got paid interest on it.
why?
B/c they know that printing and giving all that money away was bad for the economy.
The rich got richer, for sure, but none of that money came our way.
so after dumping billions upon billions for nothing, they know figured out it was a bad idea and won't dump as much every month.
Did anyone listen the Fed statement? I don't know why it still shocks when I hear such unmitigated lies from people in positions of immense power, and yet it still does. The fucking bold-faced lies on the UE number and inflation were a slap in the face to anyone unwilling to swallow the bullshit we are constantly fed. Really disgusting.
Did anyone listen the Fed statement? I don't know why it still shocks when I hear such unmitigated lies from people in positions of immense power, and yet it still does. The fucking bold-faced lies on the UE number and inflation were a slap in the face to anyone unwilling to swallow the bullshit we are constantly fed. Really disgusting.
The spread on taper was 50-50. So unexpectedly doesn't quite capture it. At the same time, I didn't see it coming and was in the not going to happen crowd. Really, though, it's a mini-taper at best. They are testing the waters in this grand economic experiment of fucking with the people's wealth.
Hopefully it goes well. As for meeting the criteria for tapering, that's, of course, also not true. But, this is a SHallow thread. So many half truths, lies and cheerleading are expected.
The spread on taper was 50-50. So unexpectedly doesn't quite capture it. At the same time, I didn't see it coming and was in the not going to happen crowd. Really, though, it's a mini-taper at best. They are testing the waters in this grand economic experiment of fucking with the people's wealth.
Hopefully it goes well. As for meeting the criteria for tapering, that's, of course, also not true. But, this is a SHallow thread. So many half truths, lies and cheerleading are expected.
Ah so you saw the news conference with Bernanke, right?
Which part was the most interesting.
Answer quick..or else I'll think you are scrambling to see the replay.
He leaves on a high note after what was a heroic and successful effort to rescue the US economy.
Rescue the economiy after he threw it overboard prior. Why is it not shocking that Derps like Shallow applaud such things? (Rhetorical question)
The spread on taper was 50-50. So unexpectedly doesn't quite capture it. At the same time, I didn't see it coming and was in the not going to happen crowd. Really, though, it's a mini-taper at best. They are testing the waters in this grand economic experiment of fucking with the people's wealth.
Hopefully it goes well. As for meeting the criteria for tapering, that's, of course, also not true. But, this is a SHallow thread. So many half truths, lies and cheerleading are expected.
Ah so you saw the news conference with Bernanke, right?
Which part was the most interesting.
Answer quick..or else I'll think you are scrambling to see the replay.
