The Fedlines confirmed that <gasp> overt QE really did temporarily end yesterday. So what happens now? Will the banks now be forced to burn off their $2.7T in excess reserves by doing the debt monetization that the Fed just halted. And when that's gone, then what?
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Key Economic Events Week of 1/21
1/22 10:00 ET Existing Home Sales
1/24 9:45 ET Markit Manu and Svc PMI
1/24 10:00 ET Leading Econ Indicators
1/25 8:30 ET Durable Goods
1/25 10:00 ET New Home Sales
Key Economic Events Week of 1/14
1/15 8:30 am ET Producer Price Index
1/15 8:30 am ET Empire State Mfg. Index
1/16 8:30 am ET Retail Sales
1/16 8:30 am ET Import Price Index
1/17 8:30 am ET Housing Starts
1/17 8:30 am ET Philly Fed
1/18 9:15 am ET Capacity Utilization and Ind. Prod.
Key Economic Events Week of 1/7
1/7 10:00 ET ISM Services Index
1/7 10:00 ET Factory Orders
1/9 2:00 ET December FOMC minutes
1/10 Speeches from CGP, Goons Bullard and Evans
1/11 8:30 ET CPI