It's Confirmed: The Fed Will NOT Do Shock & Awe QE Next Week

Bernanke

This might be contributing to the dollar-up/everything-down mood of the day.

The latest Fed dispatch from WSJ’s Jon Hilsenrath confirms that the Fed will be gradual in its bond purchases, and has no plans for shock & awe.

Once again, he paints a picture of a Fed divided, with little appetite for uber-aggressive action.

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