JPM On The FOMC Announcement: The First Dovish Dissent? - News and Current Events | futures io social day trading
futures io futures trading


JPM On The FOMC Announcement: The First Dovish Dissent?
Updated: Views / Replies:541 / 0
Created: by Quick Summary Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

JPM On The FOMC Announcement: The First Dovish Dissent?

  #1 (permalink)
Quick Summary
JPM On The FOMC Announcement: The First Dovish Dissent?

With less than an hour until the 12:30pm FOMC announcement, the time to place your bets is here. The market, up almost 2% already has, and has ignored some truly horrible news out of Europe, betting that the Fed will do something, anything, to boost the global recovery. We are skeptical. Which troubles us because so is everyone else. Below we present the opinion of JPM's Michael Feroli who is also in the same boat: expects no action, yet in that case he anticipates the first Dovish dissent since the GFC (everyone knows the three Hawks on the FOMC are very much mute and will continue to dissent until the Fed actually hikes rates). As a result one thing the Chairsatan may relent to, is an extension in the ZIRP rate guidance from mid-2013 to late 2013. Regardless, we will cover the announcement, we hope the FOMC site does not crash, and as always fade the first through fifth kneejerk market responses to the statement.




In recent weeks the doves on the FOMC have become more vocal. If the Committee takes no action today -- which is our expectation -- this raises the risk that we could see a dovish dissent, which would be the first since Rosengren did so in late 2007. The most likely candidate for such a move is Evans. Next in line would be Tarullo, though it is rarer for Governors to dissent than for Reserve Bank Presidents to do so. Raskin has also expressed some strong dovish views lately, though a dissent from her seems a long shot. Dudley and Yellen may be sympathetic to the motives for a dovish dissent, though their leadership position will almost surely prevent them from actually casting a dissent. All in, five of the ten voting members might at least sympathize with a dovish dissent; when you count the three hawks, that leaves only Bernanke and Duke in the center.



If the Chairman wanted to throw the doves a bone (block that metaphor!) one simple action would be to extend the mid-2013 rate guidance to late 2013 -- this wouldn't be much but at least it would convey a sense that the Committee is not content with the employment outlook. Another outcome that could prevent a dovish dissent would be if there was a sense that the communications sub-committee were making progress in moving the Fed rate guidance in a way that might eventually be more in line with Evans' trigger strategy. In any event, hawkish dissents from Fisher or Plosser are still the more likely outcome, but it wouldn't be a complete surprise to see a dovish dissent.

More on ZeroHedge...

Reply to share your thoughts on this current event.


Reply



futures io > > > > JPM On The FOMC Announcement: The First Dovish Dissent?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Trading FOMC news shodson Traders Hideout 4 August 1st, 2012 06:56 PM
CME Announcement: Mandatory Regulation? nillz123 Traders Hideout 21 March 17th, 2011 10:17 PM
NT Important WIN7 SP1 Announcement redratsal NinjaTrader 14 February 26th, 2011 03:16 PM
FOMC day trading stats Snoop Traders Hideout 1 November 3rd, 2010 11:40 AM
FOMC Strategy fesx NinjaTrader 10 January 4th, 2010 06:25 AM


All times are GMT -4. The time now is 01:32 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.08 seconds with 20 queries on phoenix via your IP 54.92.201.232