Un inchiostro che (almeno per ora) sembra esaurirsi
[…]the Federal Reserve will continue to employ a wide range of tools to promote economic recovery and to preserve price stability.
The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period. […]
[…]To provide support to mortgage lending and housing markets and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt.
The amount of agency debt purchases, while somewhat less than the previously announced maximum of $200 billion, is consistent with the recent path of purchases and reflects the limited availability of agency debt.
In order to promote a smooth transition in markets, the Committee will gradually slow the pace of its purchases of both agency debt and agency mortgage-backed securities and anticipates that these transactions will be executed by the end of the first quarter of 2010[…]
Interessante notare in questo comunicato della Fed prima di tutto una cosa essenziale : il termine del Quantitative Easing riguardo gli Agency Rates e gli Agency Mortgage Back Securities.
Un inchiostro che sembra esaurirsi…
La stampante di Ben sta iniziando a perdere i colpi, in effetti, l’inchiostro – almeno per ora – sembra esaurirsi.
Comicissimo inoltre il passo sul controllo dell’inflazione : Gold 1100$, Crude 81$, il mercato pare non essere al momento d’accordo con la Fed su questo punto (anche se per me fioccheranno presto delle prese di beneficio sulle commodities).
Muitas memórias atrás de mim
irá marcá-los no diário da vida
Inoltre :
[…]In order to promote a smooth transition in markets, the Committee will gradually slow the pace of its purchases of both agency debt and agency mortgage-backed securities[…]
Tradotto :
Solo noi, solo noi
tutti gli MBS li abbiamo noi
(ed ecco perchè finiamo di acquistarli, non ce sono più in giro).
