in caricamento ...
FOMC: ulteriori acquisti di titoli. Ora siamo a 85 miliardi di USD al mese!
Scritto il 12 Dicembre 2012 alle 19:32 da
FED alla riscossa. E continua imperterrita con la sua campagna di politica monetaria espansiva. I tassi di interesse resteranno “eccezionalmente bassi” in un range tra lo 0 e lo 0,25 per cento fino a quando il tasso di disoccupazione resterà sopra il 6,5% e le stime sull’inflazione a uno o due anni continuano a essere al di sotto del 2,5%.
Inoltre ha confermato il programma di acquisto pari a 45 miliardi di dollari di bond al mese per sostenere una strategia aggressiva di tassi bassi. E attenzione, questa operazione va ad aggiungersi al già deciso acquisto da 40 miliardi al mese di titoli legati al settore immobiliare (MBS) . I nuovi acquisti quindi genereranno ulteriore liquidità… Evviva le banche centrali, evviva il Rally di Natale!
Quindi non vengono deluse le attese dei trader e dei longhisti. Tassi fermi,
Quindi, in totale gli acquisti mensili saranno quindi pari a 85 miliardi di dollari.
SI POMPA DENARO RAGAZZI!!!
Possiamo definirlo un quantitative easing 4?
FOMC STATEMENT 12.12.12
Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions. Although the unemployment rate has declined somewhat since the summer, it remains elevated. Household spending has continued to advance, and the housing sector has shown further signs of improvement, but growth in business fixed investment has slowed. Inflation has been running somewhat below the Committee’s longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation over the medium term likely will run at or below its 2 percent objective.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee will continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Committee also will purchase longer-term Treasury securities after its program to extend the average maturity of its holdings of Treasury securities is completed at the end of the year, initially at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and, in January, will resume rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
The Committee will closely monitor incoming information on economic and financial developments in coming months. If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other policy tools as appropriate, until such improvement is achieved in a context of price stability. In determining the size, pace, and composition of its asset purchases, the Committee will, as always, take appropriate account of the likely efficacy and costs of such purchases.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens. In particular, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. The Committee views these thresholds as consistent with its earlier date-based guidance. In determining how long to maintain a highly accommodative stance of monetary policy, the Committee will also consider other information, including additional measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments. When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Jerome H. Powell; Sarah Bloom Raskin; Jeremy C. Stein; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who opposed the asset purchase program and the characterization of the conditions under which an exceptionally low range for the federal funds rate will be appropriate.
STAY TUNED!
DT
Non sai come comportarti coi tuoi investimenti? BUTTA UN OCCHIO QUI| e seguici su TWITTER per non perdere nemmeno un flash real time! Tutti i diritti riservati © | Grafici e dati elaborati da Intermarket&more su databases professionali e news tratte dalla rete | NB: Attenzione! Leggi il disclaimer (a scanso di equivoci!)
8 commenti Commenta
kry
Scritto il 12 Dicembre 2012 at 21:00
A quando un crollo del dollaro? Ha ancora senso trovare notizie con scritto ” le richieste hanno superato il quantitativo offerto di X,xx volte?
lampo
Scritto il 12 Dicembre 2012 at 21:58
Nessuno menziona che l’Operation Twist equivalente in termini pratici ad un QE termina questo mese?
Siamo sicuri che sia un QE4 o semplicemente la continuazione di un QE che finisce?
Lukas
Scritto il 12 Dicembre 2012 at 22:02
lampo: Nessuno menziona che l’Operation Twist equivalente in termini pratici ad un QE termina questo mese?Siamo sicuri che sia un QE4 o semplicemente la continuazione di un QE che finisce?
Lukas
Scritto il 12 Dicembre 2012 at 22:06
Come già paventato quest’anno anche il rally di natale sarà alquanto scarno.
lampo
Scritto il 12 Dicembre 2012 at 22:18
Per chi se lo fosse perso:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9602720/Bank-of-England-frontrunner-says-QE-not-enough-to-get-growth-going.html
Buona meditazione…
lucianom
Scritto il 13 Dicembre 2012 at 12:58
Non abrebbero approvato il riacquisto di titoli per 45 miliardi di $ se non fossero con l’ acqua alla gola, perciò aprire bene gli occhi 😯 😯 😯
Immagino che questo sia il motivo della reazione di WS di ieri sera dopo un primo momento di euforia.
Loading ...
è per pudore che non lo chiamano QE4?