FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING

FOMC Hints No Taper Despite More Optimistic Forecast - Redline Comparison

Submitted by Tyler Durden on 06/19/2013 14:02 -0400

• Bond

The much-anticipated statement of the most powerful body in the world is upon us -

• FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING
• FED SAYS LABOR MARKET SHOWS `FURTHER IMPROVEMENT'
• FED SAYS DOWNSIDE RISKS DIMINISHED SINCE AUTUMN
• BULLARD, GEORGE DISSENT FROM FOMC STATEMENT

And - as usual - there's a little in there for everyone aside from the fact that the rose-colored glasses view on the economy suggests that they will be, in factm, tapering at some point soon, which the market is not very happy with right now...

Pre-FOMC: S&P 500 Futs 1645, 10Y 2.21%, USDJPY 95.25, Gold $1375, Oil $98.50

May-to-June Redline comparison

http://www.zerohedge.com/news/2013-06-19/fomc-hints-no-taper-yet