Another MSM lie: "Stocks end mostly higher after Fed assessment"
Today's headline "Stocks end mostly higher after Fed assessment" is so utterly dishonest, as is customary with anything from the MSM. If this had been several months ago, the headline would have read something like, "Stocks lose rally steam after Fed announcement." Let's take a look at what really happened:
The plain and simple fact is that once the Fed made its announcements, stocks dipped. The only reason the NASDAQ and S&P 500 ended higher than their opening is because, unlike the DJIA, they didn't dip enough to erase the gains from earlier. They didn't crash, but the NASDAQ and S&P 500 indices closed at around 1% from today's peaks, and the DJIA closed nearly 1.5% off its peak.
Despite all this, the meaningful indicators are of movements in U.S. bond markets. For example:
This tells you something. The Fed released a statement today at 2:15:
The prices of energy and other commodities have risen of late. However, substantial resource slack is likely to dampen cost pressures, and the Committee expects that inflation will remain subdued for some time.Investors overall clearly didn't believe that, evidenced by the sudden afternoon spike in the 10-year's rate. For months now, I've been pointing out that the Fed is creating money out of thin air to inflate the money supply, which inevitably results in inflation. We're in trouble, but most Americans have no idea what's coming.
Indeed, "prices of energy and other commodities have risen of late." I pointed out three months ago that the Fed's pumping of new dollars into the economy is the reason, the only significant reason, that this is happening.