Say Hello to QE4 & Hyperinflation: FOMC Does Exactly What Market Told It To Do — $45 BILLION Per Month in TREASURY PURCHASES!!!
from Zero Hedge:
Just as consensus demanded expected, the FOMC transformed sterilized ‘Twist’ into unsterilized QE4 in addition to QE3′s MBS buying and lowered economic forecasts – leaving calendar-based rate guidance unchanged (and perhaps hinting at a shift to threshold-based guidance). High inflation, forget it; ‘lower’ unemployment, naah; market wants ‘moar’ so market gets ‘moar’. $4 Trillion balance sheet here we come (check to Draghi’s OMT and Spain or EUR ‘richness’ crushes hopes of recovery).
- *FED BOOSTS QE WITH $45 BILLION IN MONTHLY TREASURY PURCHASES
- *FED TO KEEP BUYING MORTGAGE BONDS AT PACE OF $40 BLN PER MONTH
- *FED SAYS MONTHLY PURCHASES TO TOTAL $85 BLN
- *FED ADOPTS ECONOMIC THRESHOLDS FOR POLICY TIGHTENING
- *FED: RATES TO STAY EXCEPTIONALLY LOW WITH JOBLESS ABOVE 6.5%
- *FED: RATES TO STAY LOW WITH INFLATION SEEN AT 2.5% OR LESS
Disappointingly for AAPL investors, there was no explicit decision to monetize mini-iPads (or their own subsidized student loan debt in the ultimate reacharound).
2012-12-12 12:13:21
Source: http://sgtreport.com/2012/12/fomc-does-exactly-what-market-told-it-to-do/
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