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  • Fed's Bullard says time is right to reduce central bank's bond buying - WSJ

    From reuters.com

    The U.S. Federal Reserve is in a “very good” position to start reducing the pace of its bond buying program, St. Louis Fed President James Bullard told the Wall Street Journal in an interview published on Tuesday. “With the economy growing at 7% and the pandemic coming under better and better control, I think the time is right to pull back emergency measures,” Bullard said. He added the reduction in Treasury and mortgage bond purchases can start once the Federal Open Market Committee was ready. The minutes of the central bank’s June policy meeting, published last week, reflected a divided Fed wrestling with ... (full story)

And now the taper talk begins in earnest.

The question is this - Will this start the taper tantraum?
...because you never know - until you do!
Quoting fxsport
And now the taper talk begins in earnest. The question is this - Will this start the taper tantraum?
good for usd ?
Quoting fxsport
And now the taper talk begins in earnest. The question is this - Will this start the taper tantraum?
Doubt it. 25% taper still plenty at $90b / month.
Quoting BaliBoyz80
{quote} good for usd ?
Take away the risk of more inflation.
Bullard already got the CPI number on his mind.
Quoting BaliBoyz80
{quote} good for usd ?
The market is expected something called a taper tantrum. What that refers to is the maket getting scarred that the FED will raise rates too early and stop the dollar printing (i.e. taking away the punchbowl at the party)

When this happens it will send the dollar higher sharply even though only temporarily
...because you never know - until you do!
Quoting fxsport
{quote} The market is expected something called a taper tantrum. What that refers to is the maket getting scarred that the FED will raise rates too early and stop the dollar printing (i.e. taking away the punchbowl at the party) When this happens it will send the dollar higher sharply even though only temporarily
yes that looks to be the case
right before the CPI numbers...you got to wonder
Quoting kingleeny
right before the CPI numbers...you got to wonder
Who do you think releases the data, it is them obviously so whenever they start talking funny before any major data you should know obviously there is something they have seen. They always have the data at hand before it become released
Well it seems like Bullard already knew about the outrageous CPI
...because you never know - until you do!
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he did know
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  • Posted: Jul 13, 2021 7:47am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 11  /  Views: 4,402