There is always a price for promises you don't keep!
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Fed Message Will Be Dovish Despite Ruffled Feathers
At the end of the day, the doves rule the roost at the Fed, but expect to hear more hawkishness from behind the scenes in Wednesday's release of the Fed meeting minutes. There's an especially high level of interest in the minutes from January's Federal Open Market Committee meeting, after the December minutes rocked the markets. Those minutes, released January 2, noted that several FOMC members wanted to see quantitative easing stopped or slowed by the end of this year, earlier than expected. Even though unlikely, that comment helped drive up interest rates, and the 10-year note has held at a slightly higher level ... (full story)
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There is always a price for promises you don't keep!
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..