Thursday, 12 July 2012

Fed sing same song

Yesterday's Fed minutes reveal that they didn't discuss anything new but there is smell of QE3 coming out of it since growth all across world is stalled  and US is also struggling for steady growth at least.
The way European dept ridden countries are acting ( off course as per agreement  with EU ) Very High   unemployment chances are looming on  europe and its going to impact on global growth that will drag world in deep recession.
Important economic data for today,

  • US import price index
  • US jobless claims

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