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Wednesday, September 22, 2010

FOMC Meeting, results

FOMC meeting was Tuesday, and what was indicated was basically change nothing, but threaten to initiate Quantitative Easing part 2.

Part 1 drove markets from the depths to the highs, and markets have cooled off since QE 1 has stopped.

The threat of more QE (basically fancy way of saying raw printing of currency, to devalue the currency), gold shot up.

Click here for a cynics look at FOMC minutes.

Charts of FOMC (at 2:15pm) announcements in gold, USD. Bond market closes at 2pm, so we will see rate impact tomorrow.



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