Fed Talks Exit Strategy

December 17, 2009 at 12:29 pm  ·  Category: Currencies, Federal Reserve, Market Commentary

In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most of the Federal Reserve’s special liquidity facilities will expire on February 1, 2010.

Fed Statement December 16

Very important shift in the Fed Statement yesterday as there was a whole new paragraph at the end about the removal of all the “special liquidity facilities”.  This is the start of an exit strategy.

The dollar is rallying powerfully, up 2 cents versus the Euro today.  This is driving everything.


Posted by Greg Feirman  ·  Trackback URL  ·  Link