The Really Useless Thread

FOMC statement

will see.

You found it!

Wasn't going to leave it much longer without pointing it out to you!

Well played, madam!

lol

Don't know but are you watching the traders in the floor ...lol

sisse

thanks.

Yeah, WTF? The only movement I'm getting is from the spread changing. Is he printing or not, damn it? LOL.

ANYBODY!!!
any idea, whats happening with FOMC?
i am at work now so very limited access to EVERYthing

LOL, just got a mental image of Wiley Coyote holding up a sign with a question mark next to a stack of dynamite that never went off.

Fakker was late to the date!

Saying Moody's downgrades could have added to delay.

NOW we're talking!

Well lets do the twist again )

Link to press release

http://www.federalreserve.gov/newsev.../20110921a.htm

To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to extend the average maturity of its holdings of securities. The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of Treasury securities with remaining maturities of 3 years or less. This program should put downward pressure on longer-term interest rates and help make broader financial conditions more accommodative. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.



To help support conditions in mortgage markets, the Committee will now reinvest principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities. In addition, the Committee will maintain its existing policy of rolling over maturing Treasury securities at auction.



The Committee also decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.

closed my sh for 62 green ones....gotta love a lil luck every now and then

No QE3 is the big thing. No change in rates...duh.

Need to read about the twist.

Definitely smells of "under the radar" QE3 on first read. Sisse? Quant? Cloggie?

just BTFD Ken...Geez....i think?...

http://4.bp.blogspot.com/-xklD-4eth0...e-E-Coyote.jpg

whut? no more printing? guess a lot of print shops are gonna run out of business....