ES Journal - 2012

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from zerohedge:

Summary:

FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE' MONETARY POLICY
FED SEES `EXCEPTIONALLY LOW' RATES THROUGH AT LEAST LATE 2014
FED TO KEEP REINVESTING HOUSING DEBT INTO MORTGAGE SECURITIES
FED SAYS INFLATION `SUBDUED'
FED SAYS HOUSING `REMAINS DEPRESSED'
FED REITERATES `SIGNIFICANT DOWNSIDE RISKS'
 
prior:

"...to warrant exceptionally low levels for the federal funds rate at least through mid 2013"

today:


"...to warrant exceptionally low levels for the federal funds rate at least through late 2014"
 
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