FOMC Decision commentary today could cause a shake in the markets….
Bernanke speech today once again is the “rockstar” event in today’s commentary via the FOMC Meeting minutes. Traders and investors agree that the same FOMC Projections speech will be presented..i.e. monitoring employment figures..housing market is improving…..with a similar theme. The usual Bernanke Press Conference follows Federal Open Market Committee…yet Bernanke is able to “tame” the markets with Bernanke News.
The Fed continues to be the “main card” in the world ‘deck of cards’. Markets are awaiting FOMC announcement statement providing positive injection via the FED further “bond purchases” in the coming months. As well, Yellen and Summers if they are the selected candidates for Obama….they could be the ‘saviours’ to the market??
If Yellen is selected, she will be “status quo” and accepted for her “Bernhamlet stance ..”put the pedal to the metal”.
All the chatter about “tapering” is truly a buildup to failure. The Fed has no other option but to continue it’s purchases…truly…which economy wants to inherit the 2008 toxic assets via the housing crash?? US economic monetary policy will remain a question by numerous BRICS nations and other world economies.
Overall, the FOMC Statement provides the best “drama” in the financial markets. If an academy award is provided for the “best suspense”…”leading actor”…the Fed would win ‘hands down’. Hollywood has a slew of epic stories available …since 2008 to present 2013 pick your theme. How long can this continue?? Notch another ‘check mark’ in your book for the next headline in the FOMC Meeting Calendar.