Gold Spikes After Fed’s Kaplan Says “Market Correction Could Be Healthy”
by Tyler Durden
ZeroHedge.com
Aug 25, 2017
Gold is spiking, USDJPY dropping, and stocks leaking lower after Dallas Fed’s Kaplan dropped some serious tapebombs ahead of Yellen’s speech…
Speakingon Bloomberg TV, Kaplan headlines wwre as follows…
FED’S KAPLAN: WE CLEARLY ARE ACCOMMODATIVE RIGHT NOW
KAPLAN: INVESTORS USED TO IDEA RATES WILL BE LOWER FOR LONGER
FED’S KAPLAN: MARKET OR REAL-ESTATE CORRECTION COULD BE HEALTHY
KAPLAN SAYS MARKET CORRECTION WOULDN’T NECESSARILY HURT THE ECONOMY, AND MAY HELP IT
KAPLAN: WE SHOULD BE MOVING ON B/SHEET AS SOON AS POSSIBLE
KAPLAN: FED CAN SHRINK B/SHEET WITH MINIMAL IMPACT ON MARKETS
And the reaction was swift…
Gold spiked and USDJPY tumbled…
The Rest…HERE
