Dropped the indexes on good macros

In the interpretation of FED, everything is better in the economy. After two days of FOMC meeting, the consensus is that there is greater optimism about the US economy. The unemployment could fall to 6,5% by 2014 on FED’s forecast. Bernanke said yesterday it would keep rates close to zero as long as the jobless rate  above 6.5%, now it is over 7,6%. And the FED sees lower inflation too, and some development in the economy.

So it keep further the asset purchases to $80 billion-per month, but some analysts says might be reduced to $70 billion-per month in the fall.

The strange is that the ecomony doing better but the market’s reaction was obvious, was disapponting Bernanke’s press conference and the indexes has been fallen.

QE for dummies:

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