Commodity Prices, Money Surprises and Fed Credibility.

The article focuses on the relevance of commodity prices, money surprises and federal reserve credibility on the economy. An examination of the distinction between manufactured goods and basic commodities is presented. The impact of money stock on the Federal Reserve target market growth rate is commented on, as well as the correlation between nominal interest rates and real interest rates. The article also contains tables with data about treasury bills and foreign currency and commodities such as gold, silver, and sugar.