Palladium Prices Fall as Federal Reserve Minutes Show Concern on QE
Reuters reported that the prices of palladium fell 1.9% on signs that Fed officials have become more and more concerned about the risks of their asset purchases on financial markets.
Reuters reported that the prices of palladium fell 1.9% on signs that Fed officials have become more and more concerned about the risks of their asset purchases on financial markets.
As quoted in the market news:
Minutes from the Fed’s December policy meeting showed a growing reticence about further increases in the central bank’s balance sheet, which was expanded sharply in response to the financial crisis and recession of 2007-2009.
The minutes also showed several officials thought it would be appropriate to slow or stop asset purchases well before the end of 2013, citing concerns about financial stability and the size of the balance sheet.