The Obstacle to September QE3

by Ashraf Laidi

Sep 4, 2012 18:34

Last week we said a major reason for no QE3 in September was the avoidance of further oil price hikes. Todays release of the Prices Paid index from the August Manuf ISM confirms this obstacle. The 14.5 point jump in the August Prices Paid component to 54 was the biggest monthly increase since September 2005. Read further . . . http://www.cityindex.co.uk/market-analysis/market-news/57152012/prices-stand-in-the-way-of-qe3/

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