Wow, do you really think that there is any connection here?
Following Friday’s disappointing jobs report, market participants are now virtually certain that the Federal Reserve will announce that it will resume buying assets at the conclusion of its November meeting and do so in a sizeable way, according to an exclusive CNBC Fed Survey.
Nearly 93 percent of the 70 respondents, including economists, fund managers and traders, believe the Fed will boost the size of its portfolio, up from 69 percent in the survey two weeks ago. . . .
The second that the dollar's value is plunging:
The dollar fell against the euro and yen on Monday after the world's top finance officials failed to reach a consensus on measures to head off what some see as a looming "currency war", analysts said.
The euro reached 1.40 dollars, while the US unit hit a fresh 15-year low against the yen amid growing expectation that the Federal Reserve will pump more money to bolster the struggling US economy, they added. . . . .
Printing up more dollars and the value of the dollar plunging? It seems like a pretty obvious relationship to me. Someone thinks that there is going to be increased inflation in the future.
Labels: inflation
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