Econbrowser starts to worry about inflation. He posts the following chart of various commodity prices since the Fed announced its QE stance on March 18 and concludes: "But this is a trend the Fed needs to watch closely from here, and could prove to be a significant limiting factor on how much the Fed can hope to achieve from monetary stimulus. Because I for one do not think it's a good idea to call for a replay of the 2008:H1 commodity market show"
Interesting how Gold did not move compared to industrial metals.
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