Japanese stocks rallied Tuesday after the Bank of Japan announced it would slash its benchmark interest rate to near zero in an effort to revive its sluggish economy.
Continue reading Nikkei Rises and Yen Falls…
With elections near and joblessness still so high, Congress and even the Fed are chasing short-term solutions that won’t really help matters. More finely targeted policies would be effective, but don’t expect any until, with lu…
Further monetary action by the Fed may be warranted because of high unemployment rates and low inflation, said Federal Reserve Bank of New York President William Dudley during a speech Friday at the Society of American Business…
Most policymakers cling to orthodox levers in an effort to boost employment, but another stream of thought is picking up momentum behind the scenes. It seems the jobs are available, but workers with the right skills aren’t. The…
Stocks closed mixed with little change on Tuesday after the Federal Reserve stood pat on interest rates and warned that falling prices are becoming a bigger concern. Tuesday’s meeting did little to give equities direction after…