Comment: Yup. Nothing to see here, Michael.

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SteveMT's picture

Yup. Nothing to see here, Michael.

[The printing presses will keep rolling on.]

The much-anticipated statement of the most powerful body in the world is upon us -

FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING
FED SAYS LABOR MARKET SHOWS `FURTHER IMPROVEMENT'
FED SAYS DOWNSIDE RISKS DIMINISHED SINCE AUTUMN
BULLARD, GEORGE DISSENT FROM FOMC STATEMENT

And - as usual - there's a little in there for everyone aside from the fact that the rose-colored glasses view on the economy suggests that they will be, in factm, tapering at some point soon, which the market is not very happy with right now...

Pre-FOMC: S&P 500 Futs 1645, 10Y 2.21%, USDJPY 95.25, Gold $1375, Oil $98.50
http://www.zerohedge.com/news/2013-06-19/fomc-hints-no-taper...