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12-31-2010, 01:22 AM #1
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The Fed’s Monetary Policy Is About to Run Into a BRIC Wall
The Fed’s Monetary Policy Is About to Run Into a BRIC Wall
Interest-Rates / US Interest Rates
Dec 30, 2010 - 11:54 AM
By: Graham_Summers
Over the last few months I’ve noted repeatedly that THE key issue for the financial markets is the ongoing tension building between the Fed’s pro-inflation policy and China’s anti-inflation policy.
That tension just kicked it up a notch.
Over the weekend China hiked interest rates 0.25%. This was the second interest rate hike in three months (the first was on October 19, 2010). And it sends a clear message that China is taking action to cool its monetary system after consumer prices rose 5.1% in November.
China’s not the only one. Both Russia and Brazil have recently entered into the “anti-inflation frayâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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