- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
TRADER TALK RSS FEED
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Wal-Mart Price Pressure Hurts China Workers: Report
- Fannie Mae to Tighten Lending Standards: Report
- Hyundai-Kia Targets Rapid China Growth in 2010
- China Unveils Carbon Target Ahead of Copenhagen
- Great Britain, No Longer That Great: Investor
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Fannie Mae to Tighten Lending Standards: Report
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
More Videos
Trader Talk
Text Size 
In the boring world of Fed statements, this one was an eye-opener, indeed potentially historic.
It was different in tone AND content from other Fed statements. How different? Traders on the floor looked a bit confused as they tried to parse through a lot of headlines that sounded very different from previous statements.
From a traders perspective, the Fed hit all the right notes. Stock traders wanted the Fed to come out swinging on several issues:
1) How long will rates stay low? "Weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time."
2) What will the Fed do to help the economy and combat deflation besides cutting rates? "The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability...The Federal Reserve will continue to consider ways of using its balance sheet to further support credit markets and economic activity."
3) Will the Fed continue to buy mortgage-backed securities? The Fed "stands ready to expand its purchases of agency debt and mortgage-backed securities as conditions warrant."
With this statement, the Fed is essentially saying, "Are you a simpleton? If you are not sure about what we are doing, here let us spell it out for you. We will do everything."
"Are you a doubter? If you are, stop doubting. We are on board."
_______________________________________
CNBC's Names in the News:
General Electric [GE
Loading...
()
]
Goldman Sachs [GS
Loading...
()
]
_______________________________________
Questions? Comments?
POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
Data is a real-time snapshot *Data is delayed at least 15 minutes