zerohedge.com / By Tyler Durden / 01/30/2013 14:19
In a slight surprise, the FOMC appears to have seen the recent weakness in macro data as supportive of its ongoing pumpathon even suggesting more is possible:
- *FED SAYS GLOBAL MARKET STRAINS EASED
- *FED SAYS ECONOMY PAUSED DUE TO WEATHER, TRANSITORY ISSUES
- *FED SAYS ECONOMIC ACTIVITY `PAUSED IN RECENT MONTHS’
- *GEORGE DISSENTS FROM FOMC DECISION
So let’s get this straight: the Fed did not blame the weather in December after Sandy, but blames it in January – weather that can be simply described as a perfectly mild and warmer than average winter?
Pre-FOMC: ES 1502.5, 10Y 2.025%, Crude $97.75, Gold $1678, EUR 1.3570