Fed meeting today. Dovish dovish dovish dovish

[S2007S]

this was a good fast money segment!!!!


Zero rates

 

[RainMaker3000]

this was a good fast money segment!!!!


Zero rates

The Fed needs to make money, how else are they going to afford my Gold?

 

[Overnight]

... or inflation runs higher than their target rate which for some reason never does...

Well, we saw the CPI numbers this morning before the bell. .1 below expectation of 0.

WTF is inflation anyway? Why does the fed get it's rocks off of deflating the dollar and reducing the buying power of the consumer?

They are sadists, the whole lot of them. Even Yellen. I can see her in some skin-tight latex dominatrix imposing on top of Powell, demanding his mercy with a cat-o-nine tails (I.E. a Flail).

Edit: I'd post a pic/video of something like that for reference, but we don't do that around here.

 

[imjohn]

Dovish dovish dovish dovish dovish....

Yesssssssss...fed bows to wallstreet again!!!!!!!!!!!!!

no rate change into 2022!!!!!

remember when they had projections for 3 % rates going into 2020's

Fed sees interest rates staying near zero through 2022, GDP bouncing to 5% next year
PUBLISHED WED, JUN 10 20202:00 PM EDT

https://www.cnbc.com/2020/06/10/fed-meeting-decision-interest-rates.html

I get your frustrations... so my guess is we will see a collapse in volatility and range over the next couple of years as the market melt up, perhaps similar to 2016-2017. That will be frustrating for intraday which is what I do, but I'll adapt over time. Im sure there will be some short-term events that cause volatility spikes for a month here or there, but Im expecting a lot of dull months ahead with strangled price discovery.

I'm actually a bit glad they came out and said it, rather than beating around the bush from meeting to meeting.