Big News out of the Central Banks
- U.S. FOMC
- Primary concern – inflation is too low
- no policy to “correct” the problem
- Preparing markets for additional stimulus
- Japanese Central Bank Doublespeak
- Japanese sales tax hike postponed
- Continued calls for more inflation
- Why is sales tax is different than inflation?
- Euro Decline
- Mandating “stability” by increasing inflation?
- Chinese Central Bank
- Cut interest rate to 5.6%
- Money flows to the dollar as a hedge because the market believes the Fed
- Gold has not dropped much against the dollar and has risen against other currencies
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