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October 17, 2010 / Jeb

Fed Cautious About Future Treasury Purchases

Last week before the jobs report on Friday I wrote an article that concluded, “The weakness in the dollar will also put hawkish pressures on the Fed. Many are expecting more quantitative easing but the market may have a surprise if the Fed changes its language to support the dollar and curb the speculation into gold and silver.” (See Will Tomorrow’s Job Report Be Bullish for the Dollar?) Today, one week later, Ben Bernanke said, “…factors have dictated that the FOMC proceed with some caution in deciding whether to engage in further purchases of longer-term securities.”

Read the full article here…

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