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FOMC Announcement: Slightly Downgrades Outlook, No Hint of QE End

scott
edited July 2013 in Fund Discussions
http://www.marketwatch.com/story/fed-slightly-downgrades-outlook-gives-no-qe-hint-2013-07-31

"The Fed also noted that the rise in mortgage rates was a concern."

The one dissenter is Kansas City Fed chief George (Bullard apparently satisfied with a note this time around about the problem of low inflation.)

Market liked it at first, now not so sure. Ooops, market now likes it.

Comments

  • TedTed
    Dear Scott: No big deal, and no impact on today's market. There will not be a rate increase until late 2014 or early 2015. Full speed ahead with the Big Mo as market moves higher. Get on board the train, or be left behind.
    Regards,
    Ted
  • scott
    Reply to @Ted: I certainly agree with you, aside from the rate increase - I don't see that until the next administration.
  • InvestorInvestor
    Certainly no rate increase any time soon. The bond purchase programs first end first and that will be a gradual decrease of monthly purchases (aka taper). Assuming that is accomplished in a year and half (2014 through first half of 2015), the first rate increase is likely to be mid to late 2015 or perhaps 2016. All this conditional economy continues along this path.
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