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The decision was “nothing” says John Briggs of NatWest about the Fed’s statement. “You’re going to have to wait for the press conference and questions about bills QE.”
Peter Boockvar, chief investment officer at Bleakley Advisory Group, says the statement was “about identical to the one issued in December.”
“Bottom line, the Fed’s balance sheet expansion seems on auto pilot thru at least April as stated and we’ll see what offset maturing MBS and repo will be. The Treasury market didn’t respond,” he added.