It’s Confirmed: The Fed Will NOT Do Shock & Awe QE Next Week
Oct. 27, 2010
This might be contributing to the dollar-up/everything-down mood of the day.
The latest Fed dispatch from WSJ’s Jon Hilsenrath confirms that the Fed will be gradual in its bond purchases, and has no plans for shock & awe.
Once again, he paints a picture of a Fed divided, with little appetite for uber-aggressive action.