Dollar falls and precious ls rise on Fed deutschland trikot 2013 FOMC
The economy and job creation have strengthened enough for the Federal Reserve
to end its $600 billion Treasury bondbuying enter in June as planned, the Fed
Ending a twoday meeting, the Fed made no changes to the program. The choice
was unanimous. The text purchases were intended to lower loan rates, encouraging
spending and boost stock values. But critics worried the purchases would feed
The Fed downplayed inflation risks. It acknowledged a spike in oil prices,
but deutschland trikot
figured the pickup in inflation is going to be temporary. Associated Press
However, rates of interest will stay exactly the same for banks, because they
currently stand just above 0% to borrow in the discount windows. Which means
that although additional bond purchases under QE2 might be ending, the Fed's
decision regarding how to battle inflation having a cheap money policy will
still remain active.
Another area that was not mentioned, but left open for future determination
was a potential QE3. In Federal Reserve announcements such as FOMC meeting
reports, what is not said is just as important as what's said. The government
Reserve holds data confidential for quite some time under their different 'book'
analysis reports, and knowledge stored in their green or blue books may not be
disseminated towards the public in any timely manner.
Using the Fed's announcement today, and the upcoming press conference by Ben
Bernanke, market reaction has already been coming swift and direct. The dollar
is falling hard against world currencies, and is continuing to drop into crisis
territory, while gold and other ls are moving not far from new alltime