- The Operation Twist was extended until the end of the year.
- The statement said the Fed is prepared to take additional steps necessary.
- Statement: "Growth in employment has slowed in recent months ... Household spending appears to be rising at a somewhat slower pace."
- The market initially falls big on the news that a new round of QE was not announced, but it quickly rebounded to to levels (-0.3%) it was trading at before the announcement.
- Expect more volatility around the 2:15et presser with Ben Bernanke.
- Gold also took a dive after the announcement, but is trying to work its way back. $GLD is down 0.9%
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
Wednesday, June 20, 2012
Fed Highlights
A few highlights from today's Federal Reserve announcement.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment