The US Federal Reserve plans to continue money printing, admitting in a way that “the recovery” is not as stalwart as advertised by mainstream media. In fact, the recovery is a lie.
Volatility ensued in the markets after the announcement last week on Wednesday that the Fed would keep rates low through at least September. Things have stabilized since then.
The dollar stabilized in the wake of a stark sell-off, bouncing to 119.73 yen with the euro standing at $1.0915.
“EUR USD was once again unable to sustain a test above 1.10, with slightly better-than-expected CPI data driving a sharp rebound in the USD,” analysts at BNP Paribas stated to clients.
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