“Smart Trade Group” - Fed May Print More.

June 25, 2009 - PRLog -- “Smart Trade Group”, the Asian-based investment broker, is thought to believe that US policymakers’ dissatisfaction with the speed at which money is reaching the economy may prompt the Federal Reserve to increase its pledge to purchase more long-dates US Treasury bonds.

This, a  source close to “Smart Trade Group” suggested, could see the dollar take another pounding on the foreign exchange markets as investors’ fears of an inflationary spiral mount.

President Barack Obama said that despite his disappointment with the speed of the deployment of the huge stimulus package he signed into law, he did not envisage the requirement for a third package yet.

After committing $787 billion to infrastructure and other programs to save or create jobs, it is likely that he would face resistance in the Senate said the “Smart Trade Group” source.

“Smart Trade Group” would not comment on rumors that its analysts had taken positions in gold futures in preparation for a possible confirmation of their suspicions when the FOMC (Federal Open Market Committee) concludes its meeting.