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The Fed will meet on 24 and 25 March, but will decide what?
by admin ·
The Federal Reserve looks set to keep its monetary policy unchanged, even with high oil prices and unable to do anything, at least for the moment, against the growing uncertainty following the devastating disaster that struck Japan. The disaster, in fact, hit the third largest economy in the world, could have significant ripple effects on the global recovery. But the impact is still unclear, economists say that the best thing that Fed officials can do right now is to do nothing.
Even before the tragedy, the central bankers of the United States was facing a lot of mixed signals. First, higher energy costs seem to push the expectations of U.S. inflation higher. It ‘s a very complicated situation, because to say that inflation is rising is to take a significant step in a dangerous direction. At the same time, failing to recognize the recent changes seen in the market and among surveys of consumers, could make that idea the Fed is out of the world, eroding its credentials in the fight against inflation.
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Prices of wheat, corn and soybeans fell this week on the Chicago futures market . While the renewed strength of the dollar has contributed to obtain such a trend, but not only.
While Wednesday, the Iranian television channel Press TV has announced that the Central Bank of Iran would convert a significant portion of its foreign reserves in dollars and gold, and in reaction to the fall of the euro, the Pool business daily reported Sunday that the BCI had denied the reports.
This article shows an example of the complicity of dictatorship (and the conservative media) had to large industrial and financial companies that got big profits at the expense of the health and quality of life for their workers. Democracy allowed these abuses to correct something, but the complicity of the state continues to exist, which should be terminated at the major media, which is seldom done.