Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://www.zerohedge.com/markets/fed-will-restart-qe-november-how-it-will-do-it
"However, and the reason why stocks shot up just before 3pm ET, is that that's when Powell added that its possible that well need to resume the organic growth of the balance sheet, earlier than we thought. ... Well be looking at this carefully in coming days and taking it up at the next meeting in late October. Said otherwise, the Fed may not have announcer QE4 yesterday, but it will likely announce it in the very near future.
Sure enough, as Goldman wrote in its FOMC post-mortem, "we took this as a fairly strong hint and now expect the Fed to resume trend growth of its balance sheet in November with permanent OMOs. It is possible that the FOMC will take that opportunity to also reach a final decision on possibly shortening the maturity composition of its purchases, which it discussed at its May meeting."
So what will the Fed's restart of QE POMO (some analysts, such as Morgan Stanley's Matt Hornbach are very sensitive not to call the return of POMO as QE even though both are effectively the monetization of US Treasurys and the US budget deficit) look like?"
"And so, in just two months QE... pardon the Fed's open market purchases of Treasurys, will return after a 5 years hiatus. Just don't call it QE, whatever you do."
Money printers are going to be very busy helping us get to 100k. Its almost as if they are our employees or personal servants
via Imgflip Meme Generator
"However, and the reason why stocks shot up just before 3pm ET, is that that's when Powell added that its possible that well need to resume the organic growth of the balance sheet, earlier than we thought. ... Well be looking at this carefully in coming days and taking it up at the next meeting in late October. Said otherwise, the Fed may not have announcer QE4 yesterday, but it will likely announce it in the very near future.
Sure enough, as Goldman wrote in its FOMC post-mortem, "we took this as a fairly strong hint and now expect the Fed to resume trend growth of its balance sheet in November with permanent OMOs. It is possible that the FOMC will take that opportunity to also reach a final decision on possibly shortening the maturity composition of its purchases, which it discussed at its May meeting."
So what will the Fed's restart of QE POMO (some analysts, such as Morgan Stanley's Matt Hornbach are very sensitive not to call the return of POMO as QE even though both are effectively the monetization of US Treasurys and the US budget deficit) look like?"
"And so, in just two months QE... pardon the Fed's open market purchases of Treasurys, will return after a 5 years hiatus. Just don't call it QE, whatever you do."
Money printers are going to be very busy helping us get to 100k. Its almost as if they are our employees or personal servants
via Imgflip Meme Generator