A recent Fed working paper happily points out that even as other sources of municipal tax revenue have plummeted, property taxes have held fairly steady, and the authors expect that to continue. Unfortunately, their optimistic …
Black Friday has come and gone and the holiday shopping season is off and running. In addition to keeping on eye on how retailers are doing, there will be plenty of economic data for analysts and investors to peruse on this wee…
In its latest meeting minutes, the Fed said it now expects the U.S. economy to grow more weakly in both 2010 and 2011, with as many as six years needed to return unemployment to normal levels of 5% to 6%.
Conti…
Among quarterly results scheduled for this holiday-shortened week, investors may be thankful for earnings results from Tyson Foods, the Arkansas-based poultry and meat producer. Analog Devices and Deere also are reporting.
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When the economic gurus at the Fed move the levers of U.S. monetary policy, they do so with two often-conflicting goals in mind: promoting maximum employment and keeping prices stable. Many critics are now arguing that that Fed…