Miércoles 24/10/2012 el anuncio del Fed

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El Fed dirá que resultado ha tenido la compra de $40 billones al mes. No se espera que hagan nada nuevo.

What to Expect From Fed Meeting

By Kristina Peterson And Michael S. Derby

Today’s Federal Reserve statement is likely to be a low-key check-up on the U.S. economy, following last month’s prescription of more stimulus.


Bloomberg News
The Federal Reserve building in Washington.
Fed officials’ to-do list includes assessing the effects of their decision in September to start buying $40 billion of mortgage-backed securities each month until the labor market rebounds. They will take the economy’s temperature. And they likely will discuss — but not resolve — differences over how to better communicate with the public about where interest rates are headed.

They aren’t expected to launch any new policies just two weeks before the U.S. elections. Rather, policy makers likely will agree to continue the bond purchases and another program, called Operation Twist, in which the central bank has been buying $45 billion in long-term Treasury bonds every month and funding the purchases with proceeds from sales of short-term Treasurys. Both programs aim to lower long-term interest rates to spur spending, investment and hiring.

Recent economic reports suggest the sluggish U.S. recovery is perking up a bit, but not enough to cause the Fed to change course. Retail sales rose in September, unemployment fell to 7.8% that month and home sales are climbing.

For more than a year, Fed officials have debated adjusting their communications approach, but remain too divided to agree to a new one soon.

Since the Fed cut short-term interest rates to nearly zero in late 2008, it has provided guidance on when it expects to start raising rates again. In September, the Fed said it expects to keep rates very low until at least mid-2015 and keep them low even as the recovery gains strength.

Many Fed officials, however, dislike using a date as a guidepost for policy because they don’t want to imply they are bound to it regardless of what happens in the economy. Minutes of the September meeting showed officials supported spelling out more directly what economic conditions would prompt them to raise rates. They disagree, however, on which data points to rely on and what levels should trigger Fed action.

[goodprofit1]

Segundo día seguido en que bajan los inventarios del zinc. Esperemos que ya se hayan cansando de enviar mineral a los stocks

hola jonibol, supongo que eso deberia ayudar a que el precio del metal se recupere, ¿ no es asi?

[goodprofit1]

eso serà comidilla para la prensa.

[goodprofit1]

Eso de que una pareja en sus 20 anios de matrimonio haya estado a un paso de divorciarse no es noticia para nadie, espero sea todo especulacion, por que si sale al aire, creo que la reaccion va a ser a favor de Obama.

aunque todo el mundo se preguntara porque alguien querria divorciarse de Obama? (es que al interior del hogar las cosas no siempre son lo que parecen, y eso es comidilla para la prensa, oro puro)

[admin]

+10.9

[admin]

12:05 p.m. EDT 10/24/12Treasurys
Price Chg Yield %
2-Year Note -1/32 0.296
10-Year Note -4/32 1.779
* at close
11:56 a.m. EDT 10/24/12Futures
Last Change Settle
Crude Oil 85.43 -1.24 86.67
Gold 1702.9 -6.5 1709.4
E-mini Dow 13053 12 13041
E-mini S&P 500 1407.75 1.00 1406.75
12:06 p.m. EDT 10/24/12Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.82 79.85
Euro (EUR/USD) 1.2942 1.2985
† Late New York trading.

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1:18 p.m. EDT 10/24/12Treasurys
Price Chg Yield %
2-Year Note -0/32 0.292
10-Year Note -3/32 1.773
* at close
1:09 p.m. EDT 10/24/12Futures
Last Change Settle
Crude Oil 85.33 -1.34 86.67
Gold 1702.2 -7.2 1709.4
E-mini Dow 13069 28 13041
E-mini S&P 500 1410.50 3.75 1406.75
1:19 p.m. EDT 10/24/12Currencies
Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.82 79.85
Euro (EUR/USD) 1.2948 1.2985
† Late New York trading.

[admin]

1:19 p.m. EDT 10/24/12Major Stock Indexes
Last Change % Chg
DJIA 13119.31 16.78 0.13
Nasdaq 2989.40 -1.06 -0.04
S&P 500 1414.27 1.16 0.08
DJ Total Stock Market 14733.22 16.98 0.12
Russell 2000 815.22 -0.98 -0.12

[admin]

AAPL+0.35%

[jonibol]

Segundo día seguido en que bajan los inventarios del zinc. Esperemos que ya se hayan cansando de enviar mineral a los stocks

hola jonibol, supongo que eso deberia ayudar a que el precio del metal se recupere, ¿ no es asi?

Apenas son dos días. Vamos a ver, pero en principio, si bajan los inventarios el precio se debe estabilizar. Para que suba habría que esperar nuevos catalizadores, ojo que China da muestras también de estabilización.

[admin]

Todo igual con el Fed, crecimiento moderado, consumo mejoro algo.

Fed Keeps Rates Low, Says Growth Is Moderate

By KRISTINA PETERSON And JON HILSENRATH

WASHINGTON—The Federal Reserve stuck to its assessment Wednesday that the economy is growing moderately and voted to keep its support in place to help the job market recover.

Fed officials acknowledged an uptick in household spending and strength in the housing market but said they would continue the central bank's bond-buying programs and its plan to keep short-term interest rates near zero at least through mid-2015.

The Fed expanded bond purchasing at its September meeting and plans to do its next major evaluation of its bond-buying programs at its final meeting of the year on Dec. 11-12. Policy makers are still gathering evidence on whether their programs are working.

"The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions," the Federal Open Market Committee, the Fed's policy-making committee, said in a statement issued at the end of its two-day meeting.

Eleven out of 12 Fed officials on Wednesday voted to continue buying an additional $40 billion of mortgage-backed securities each month. The central bank began buying the bonds on an open-ended basis last month in a bid to boost the housing market and drive down long-term interest rates to spur spending and investment.

Fed officials said in September that they would continue buying mortgage bonds until the labor market showed substantial improvement. Though the unemployment rate dropped to 7.8% in September and recent data pointed to a firmer housing market and rising retail sales, the encouraging figures haven't yet persuaded policy makers the economy can recover on its own.

Fed officials said Wednesday that the economy continued to expand "at a moderate pace," noting that household spending "has advanced a bit more quickly, but growth in business fixed investment has slowed." That's a slight change from September, when policy makers said household spending "has continued to advance" and growth in business fixed investment "appears to have slowed."

On the inflation front, Fed officials said Wednesday that inflation had recently "picked up somewhat," reflecting higher energy prices, but that long-term inflation expectations remain stable.

The central bank opted to continue with a program known as Operation Twist, under which the Fed has been buying $45 billion of long-term Treasury bonds each month with the proceeds from selling short-term Treasurys. Twist's expiration at the end of the year will trigger the Fed's next big review of its programs, Fed Chairman Ben Bernanke said last month.

Fed officials kept short-term interest rates near zero on Wednesday, where they have been since late 2008. Policy makers reiterated that they expect rates to remain very low at least through mid-2015 and beyond when the economic recovery begins to accelerate.

This guidance is a piece of the Fed's effort to lower long-term rates, which partly reflect investors' expectations of where short-term rates are headed.

Fed officials didn't announce any changes in the way they articulate their guidance, long a subject of internal debate. Many at the central bank don't like pegging their interest-rate predictions to a date on the calendar and would prefer to describe what would have to happen in the economy for the Fed to start raising rates. But policy makers haven't agreed yet on which metrics they should focus on and what levels would trigger Fed action.

Federal Reserve Bank of Richmond President Jeffrey Lacker voted against the committee's action on Wednesday because he "opposed additional asset purchases and disagreed with the description of the time period over which a highly accommodative stance of monetary policy will remain appropriate." Mr. Lacker has dissented at all seven FOMC meetings this year.

All seven Fed governors vote at every policy meeting, as does the president of the New York Fed, William Dudley. The presidents of the 11 other regional Fed banks vote on a rotating basis. This year, in addition to Mr. Lacker, Cleveland Fed President Sandra Pianalto, Atlanta Fed President Dennis Lockhart and San Francisco Fed President John Williams can vote.

—Michael Crittenden and Eric Morath contributed to this article.

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http://online.wsj.com/public/page/espanol-inicio.htmlu

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La Fed mantiene el rumbo y sigue con programa de compra de bonos

Por KRISTINA PETERSON y JON HILSENRATH
WASHINGTON—La Reserva Federal de Estados Unidos mantuvo el miércoles su evaluación de que la economía está creciendo moderadamente y votó a favor de mantener el apoyo para ayudar a la recuperación del mercado laboral.

Funcionarios de la Fed reconocieron un aumento en el gasto de los consumidores y una fortaleza en el mercado de la vivienda, pero señalaron que continuarían los programas de compras de bonos del banco central y sus planes de mantener las tasas de interés de corto plazo cerca de cero al menos hasta mediados de 2015.

La Fed expandió la compra de bonos en su reunión de septiembre y planea realizar la siguiente importante evaluación de sus programas de compras de bonos durante su última reunión del año el 11 y 12 de diciembre. Las autoridades siguen recaudando evidencia sobre si sus programas están funcionando.

"El Comité sigue preocupado de que, sin suficiente relajación de política, el crecimiento económico podría no ser suficientemente robusto para generar una mejora sostenida de las condiciones del mercado laboral", señaló el Comité de Mercados Abiertos de la Fed en un comunicado emitido al final de su reunión de dos días.

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Au down 1,702

-26.36