THE BASIS POINT

Fundamentals 6/10

 

Import & Export Prices:
Export Prices – Month/Month +0.2 %
Export Prices – Year/Year +9.0 %
Import Prices – Month/Month +0.2 %
Import Prices – Year/Year +12.5 %

This is largely a story of commodity prices and commodity prices have been affected by changes in the value of the U.S. dollar. Most commodities are traded in U.S. dollars. Fed monetary policy does not concentrate on stability of U.S. dollar value but on inflation containment and keeping unemployment low. With QEII ending there should be less volatility in dollar value and more stable commodity prices.

 

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