No Real Promise Of QE, But They Are Clearly Trying

To keep the idea on the table. A brief mention of inflation – but this time it will decrease as oil and gas are temporary (or transitory).

Not as hawkish as it could have been, and they do seem to insert enough negatives to keep QE on the table. Whether QE is still on the t able or they are trying to manage expectations slowly is anybody’s guess.

The extended language remained in there too, but they really can’t take that out anytime soon.

Stocks extending gains so far on the back of the release. I’m not sure that makes sense, but the sense that bendragi is backing up the market no matter what is palpable.