Open: London Session | Forex, Metals, Oil, Agriculture July 15, 2021

investors

Agriculture

Any significant future increase can come only from policy intervention relating to crop diversification from rice and wheat.

Currencies

The Australian dollar was marginally softer at $0.7474.

Metals

US crude settled down $2.12 at $73.13 a barrel.US gold futures settled up 0.8 per cent at $1,825 an ounce.

United States

less The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for getting back to exploiting workers to maximize corporate profits. The following graphic is how we actually experience a change in inflation over time: Economists at the Fed know this. But the Fed is currently saying that that 5% rate of change will be temporary. This is a significant communication problem that discredits what the Fed is trying to achieve.
He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.

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