QE-easy on commodities too
...Meanwhile, click to enlarge this chart from finviz for a view of what’s been happening lately in the futures markets for these categories:
Looking beyond November, it’s interesting to think about what the Fed’s reaction would be if (and we stress the highly speculative nature of this if) headline inflation, driven by rising commodity and food prices, were to start running uncomfortably away from the core number — even as unemployment remains high and growth sluggish....
