U.S. equities sold off a small rally this morning after Boehner made some cold water comments over fiscal cliff negotiations.
The Markets managed to rally right into the FOMC meeting by noon and has just hit the highs of the day, (+65 DOW points,) as the Fed announces more stimulus.
Currently, Bernanke is speaking about potential exit programs from monetary policy at the right time. Don’t worry the punch bowl has been restocked for more gorilla cocaine risk on trades.
For now rates remain low, and inflation is expected to be in check for the foreseeable future.
Gold is up $5 sticks while oil is up $ $1. The Yen, Euro and the Sterling are up against the dollar for the moment.
[youtube://http://www.youtube.com/watch?v=58z-eRUFt_E 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
