Record crude oil, wheat, rice and soybean prices this year have already driven inflation, forcing governments to increase interest rates as the economy slows.
Saudis to increase production has had minimal impact on oil prices. Saudi Arabia’s plan to boost production next month was seen as a sign that the Saudis are nervous about the political and economic effect of high oil prices.
Fed is now totally focused on inflation.
2011 Flying Heart Cellars Red Wine - $5
13 years ago
No comments:
Post a Comment