HTF was it a surprise? Christ, was anyone listening to Bernanke in June, July and August.
Economists' Reactions To The Surprise FOMC Announcement
The Federal Reserve Open Market Committee surprised the financial markets Wednesday, opting not to reduce $85 billion in monthly asset purchases, sending the S&P 500 to a new lifetime high and pushing the interest rate on the 10-year Treasury note down more than 100 basis points. Below is a collection of comments from Fed watchers responses following the release of the FOMC statement: - Ian Shepherdson, Pantheon Macroeconomics Chief Economist: "In one line: Delay is good policy the communications strategy is in pieces." - Paul Edelstein, IHS Global Insight Director of Financial Economics: "Given recent developments ... (full story)