Bernanke gave a speech today titled: Recent Developments in the Labor Market he
referred to the current situation in the labor market and stated despite the
recent improvement, the job market remains far from normal this speech rekindled
the speculation of another monetary intervention by the Fed, i.e. QE3. The
market reaction was very clear and rapid as gold price rose by 1.78% and the U.S
stock markets also sharply rose. Does this mean there will be another stimulus
plan? As always the answer is – its complicated.
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