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Federal Reserve
Bank of America , Federal Reserve

Fed Chairman Ben Bernanke | Print |  E-mail
Federal Reserve
Written by Administrator   

Said: "The continuing volatility of markets and recent indicators of economic performance confirm that challenges remain. For this reason, policy-makers will remain in close contact, monitor developments closely and stand ready to take additional steps should conditions warrant." 

Cleveland Fed President Sandra Pianalto Said:

"At the moment, the signs point to a recession beyond just  'garden variety' downturn. The length and severity of the recession will depend on how quickly credit markets return to normal."

 
Last Updated ( Saturday, 15 November 2008 18:50 )
 


Gold Future

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Gold, little changed today in London, may gain as investors seek to diversify their portfolios after equities plunged & Germany, Europe's largest economy. Sell rallies towards $720. Stop above $730. Target $700.Read More

Crude Oil

imageSell below $60 with stops above 61.30. Target $58. Currently, WTI Crude inventories and Imports vs. Domestic production appear to be rock solid, which shows no difference at the moment.... Read More

Market Comments

imageThe Chinese stimulus package announced over the weekend only managed to stimulate markets for half a day as the North American session yesterday saw the pendulum swinging back to bearish mode... Read More
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