No New Q E

for sure not in June, and doubtful again in August. (IMHO of course) Markets and Gold are rallying as if it is a foregone conclusion.

http://www.zerohedge...-beige-book-out

Everyone will be scouring for apocalyptic suggestions (need.moar.NEW Kew - EEE) in the following...

FED SAYS `HIRING WAS STEADY OR SHOWED A MODEST INCREASE'
FED SAYS ECONOMY EXPANDED AT `MODERATE PACE' LAST MONTH
FED SAYS `AUTOMOBILE SALES GENERALLY REMAINED STRONG'
FED: `CONTACTS WERE SLIGHTLY MORE GUARDED IN THEIR OPTIMISM'
FED SAYS `INFLATION REMAINED MODEST ACROSS DISTRICTS'
FED SAYS MANUFACTURING EXPANDED, CONSUMER SPENDING WAS STEADY
FED ECONOMIC SURVEY COVERS PERIOD FROM LATE APRIL UNTIL MAY 25
FED SAYS DEMAND WAS STRONGEST IN AUTO AND STEEL MANUFACTURING