Saturday, January 6, 2007
Inflationary concerns for the Fed
Booming growth in American jobs raises new inflation fears
167,000 jobs were created in the US in December, more than at any point throughout 2007. This has increased fears that inflation will rise and an interest rate rise will become inevitable. The Dow Jones fell 90 points on this uncertainty.
Posted by jellycaster @ 11:21 AM (458 views)
One thought on “Inflationary concerns for the Fed”
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Ticktock says:
Proof that Mr. Market is a mad-man –
Last few years everyone buys gold on concerns over inflation and dollar weakness. Then, the Fed suggests inflation IS a major concern, which is supported by employment data yesterday and everyone dumps gold and buys the dollar!! The belief being now (apparently) that the inevitable Fed rate hikes will increase the yield on dollar assets!! So inflation now IS a concern and people therefore SELL GOLD and BUY DOLLAR. HAHAHAHAHAHAHAHAHAHAHA
Madness, absolute madness! (although a very nice and unexpected buying oportunity for goldbugs!)