Yuan
China's Yuan Policy Makes Fed Irrelevant
Bio: Economist
and professor
When the Federal Reserve Open Market Committee meets Wednesday, no one expects it to raise the federal funds rate. However, businesses, politicians and prognosticators are eager, perhaps inappropriately so, to hear clues about when it will begin raising short-term interest rates to a more normal level.
Stocks Poised to Fall Sharply
The majority of the downward momentum on investment indexes is still coming from Europe, but the 24-hour cycle is also adding to the downturn.
China's Offer on Yuan Peg Wholly Inadequate
Bio: Economist
and professor
China, by pegging its currency to the dollar, frustrates this process and abuses the WTO system.
Stocks Set for Drop
According to CNNMoney.com, American stocks are set up for a drop during the morning. Futures for all three U.S. indexes were down prior to the opening bell, and trading around the world has been struggling all day.
Chinese May Strengthen Yuan
China, for years, has pegged its yuan to the U.S. dollar with the intent of always propping our currency up while holding the domestic currency down.
