Source: Voices of Iraq - 25/09/2009
America: Federal Reserve interest rate freezes and commends the performance of the economy
Decided that the Federal Reserve Bank (central bank) to keep U.S. interest rates at current levels near zero, indicating at the same time that the U.S. economy is improving, although it has warned of the impact of increased unemployment in the recovery.
It has stated that the incentive plans approved by the U.S. government helped to get stability in financial markets, which may reflect positively on the real economic growth during the coming period, the first positive statement of the degree of the bank since August 2008.
The announcement prompted the U.S. markets up, registering shares some of the gains, while the mixed results of securities, while the dollar rose improved its positions against foreign currencies, after he had fallen about his levels are lowest in a year.
The capital markets of America and the World Bank was awaiting a decision about interest rates, since it comes at a sensitive stage, where the global economy began to re-emerge, which may entail the risk of a bout of inflation, interest rates, if continued at current levels.
In this context, "says Terry, color, Director, Center for Economic Research and Development at the University of North Texas:" Those who talk in the market today from inflation is simply looking for any excuse for a sense of fear .. Just a simple everyone was afraid to get to the stage a drop in prices strongly, "by the recession.
But others pointed out that that seen in some sectors, particularly commodities, a big increase in prices is a worrisome phenomenon, where more than an ounce of gold barrier thousand dollars, at a time when some of the dollar on the verge of a moment of vulnerability because of the increasing quantities in the market, with the introduction of considerable sums in economic support plans approved by Washington.
This coincided with the rise in oil prices, which traded him to the barrel at 71 dollars, a phenomenon often associated with the decline of the dollar.
He supported John Norris, executive director of wealth management at the Bank "Ookort" investment, you go to this analysis, saying: "When we print a lot of money, inflation becomes a real problem."
However, Norris said, in an interview with CNN, the continued economic growth more important now than fight inflation, which is still very low levels, calling for a postponement to consider lifting the benefits until the second half of next year.
The Pand Zack's analyst, "Namura" Securities in New York, was expected not to make the U.S. Federal Reserve to raise interest by the first quarter of 2011, as the economy is still shaky.
The U.S. Federal Reserve had made in 2008 to cut interest rates rapidly, until in December last to between zero and 0.25 per cent, and for the first time in the history of the United States that had never dropped interest rates by one per per cent.
America: Federal Reserve interest rate freezes and commends the performance of the economy
Decided that the Federal Reserve Bank (central bank) to keep U.S. interest rates at current levels near zero, indicating at the same time that the U.S. economy is improving, although it has warned of the impact of increased unemployment in the recovery.
It has stated that the incentive plans approved by the U.S. government helped to get stability in financial markets, which may reflect positively on the real economic growth during the coming period, the first positive statement of the degree of the bank since August 2008.
The announcement prompted the U.S. markets up, registering shares some of the gains, while the mixed results of securities, while the dollar rose improved its positions against foreign currencies, after he had fallen about his levels are lowest in a year.
The capital markets of America and the World Bank was awaiting a decision about interest rates, since it comes at a sensitive stage, where the global economy began to re-emerge, which may entail the risk of a bout of inflation, interest rates, if continued at current levels.
In this context, "says Terry, color, Director, Center for Economic Research and Development at the University of North Texas:" Those who talk in the market today from inflation is simply looking for any excuse for a sense of fear .. Just a simple everyone was afraid to get to the stage a drop in prices strongly, "by the recession.
But others pointed out that that seen in some sectors, particularly commodities, a big increase in prices is a worrisome phenomenon, where more than an ounce of gold barrier thousand dollars, at a time when some of the dollar on the verge of a moment of vulnerability because of the increasing quantities in the market, with the introduction of considerable sums in economic support plans approved by Washington.
This coincided with the rise in oil prices, which traded him to the barrel at 71 dollars, a phenomenon often associated with the decline of the dollar.
He supported John Norris, executive director of wealth management at the Bank "Ookort" investment, you go to this analysis, saying: "When we print a lot of money, inflation becomes a real problem."
However, Norris said, in an interview with CNN, the continued economic growth more important now than fight inflation, which is still very low levels, calling for a postponement to consider lifting the benefits until the second half of next year.
The Pand Zack's analyst, "Namura" Securities in New York, was expected not to make the U.S. Federal Reserve to raise interest by the first quarter of 2011, as the economy is still shaky.
The U.S. Federal Reserve had made in 2008 to cut interest rates rapidly, until in December last to between zero and 0.25 per cent, and for the first time in the history of the United States that had never dropped interest rates by one per per cent.