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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (55017)3/19/2014 2:20:27 PM
From: ggersh  Read Replies (1) of 71477
 
And this is the "markit"




Yellen's Fed Tightens ($10bn Taper) And Loosens (Lower For Even Longer); Blames WeatherSubmitted by Tyler Durden on 03/19/2014 - 14:02As expected Janet Yellen's first FOMC statement showed another $10bn taper (more tightening according to Jim Bullard) but the wordy shift from quantitative thresholds to "we'll know it when we see it" qualitative guidance is relatively dovish (despite improved economic outlooks):

*FOMC SEES `SUFFICIENT UNDERLYING STRENGTH' IN ECONOMY*FOMC SAYS IT WILL LIKELY REDUCE QE IN `FURTHER MEASURED STEPS'*FED: LOW TARGET RATE APPROPRIATE FOR CONSIDERABLE TIME POST-QE*MORE FED OFFICIALS SEE AT LEAST 1% FED FUNDS RATE END OF 2015*FED DROPS 6.5% JOBLESS THRESHOLD FOR RAISING FED FUNDS RATEWhile Bernanke's last meeting appeared full of disagreement; this time less so (as Plosser and Fisher appeared not to dissent). Full redline to follow.

Pre-FOMC: S&P Futs: 1873.5, Gold $1337, 10Y 2.712%, USDJPY 101.65
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