Gold spikes higher as well.
Chicago Fed's Charles Evans says "strong accommodation" is needed for a "substantial period of time" due to a U.S. economy that seems to be moving "sideways." Evans tells CNBC this morning that more aggressive policy is needed; he is "somewhat nervous" about the recovery, and believes the labor market is in a state "consistent with recession."
This clinches it. It is clear, the market does NOT want any more fiscal stimulus from the Fed. It would be nice if they would just let everything play out.
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