Stocks & Bond Yields Rise Modestly After Powell Unveils “Not QE”

Fight Censorship, Share This Post!

Stocks & Bond Yields Rise Modestly After Powell Unveils “Not QE”

Just minutes after Chicago Fed’s Evans’ comments that “certainly, asset valuations are quite high,” Fed Chair Powell unveiled a new balance sheet expansion program, to buy T-Bills, that should absolutely not be called QE4 – so we’ll call it “Not QE.”

Anyone who calls QE4, QE4, and not “not QE” is a Russian spy…

The initial reaction is very lacklustre – stocks and bond yields rose, gold initially spiked but fell back and the dollar is unchanged for now…

 

Notably fed funds are basically unchanged too.

Simply put, The Fed is basically all-in and markets have priced it in.


Tyler Durden

Tue, 10/08/2019 – 14:56


This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.


Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.