Minutes of the November 5 FOMC Some market participants expected the Committee to eventually lengthen the weighted average maturity of the Federal Reserve’s purchases of Treasury securities. Meeting participants generally saw the current QE pace and composition as effective While participants judged that immediate adjustments to the pace and composition of asset purchases were not
Volatile NY session The EURUSD traded to the highest level since November 9th taking out last week’s highs in the process between 1.1890 and 1.18931. The high price reached 1.19053. Then all hell broke loose. The Markit PMI data came better than expected and there was a run into the USD. That move saw the
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Fed’s Bullard discusses economic outlook Fed’s Bullard is due to speak at 1:20 PM ET on the economic outlook. Bullard has been more hawkish generally. He last spoke on November 13. At that time he said Sees room for US unemployment to improve substantially Monetary and fiscal policy have been very effective Execution of risk-based