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Thursday, November 14, 2024

Fed Adds Word “Increase” to Statement

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

I mentioned two weeks ago a black swan for the fall is the Fed INCREASING QE – rather than the popular thought it will be tapering.  Today’s FOMC statement for the first time included the word “increase (or reduce)” asset purchases.  And so the groundwork begins…

“prepared to increase or reduce” level of asset purchase program,

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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