The current flatness in prices isn’t what the Federal Reserve wants. It would much rather see a little more inflation in the economy. Says Great Depression scholar Ben Bernanke: “Further disinflation would be unwelcome.” The Fe…
Kansas City Federal Reserve President Thomas Hoenig broke ranks with some of his fellow regional Federal Reserve executives Tuesday, warning against further monetary action as a way to spur economic activity.
C…
The minutes of the FOMC’s September meeting show more quantitative easing may be needed “before long,” but the bankers delayed any moves while waiting for more data.
Continue reading An Anxious Fed Decided to G…
The U.S. dollar traded near an eight-month low against the euro on bets that the Federal Reserve will signal it is willing to buy more government debt in order to stimulate the economy.
The U.S. dollar traded at $1.3940 per euro as of 11:08 a.m. in London, Bloomberg News reported. It fell to $1.4012 earlier today and reached $1.4029 on Oct. 7, the weakest since Jan. 28.
Weak…
Continue reading U.S. Dollar Trades Near 8-Month Low on Fed Bets
U.S. Dollar Trades Near 8-Month Low on Fed Bets originally appeared on DailyFinance on Mon, 11 Oct 2010 08:09:00.
Filed Under: Economy, People, Investing, Credit, Currency, Market News
The U.S. dollar and U.S. stocks have a see-saw relationship: When one is up, the other is down. If the dollar is now bottoming out and ending its long decline, that could spell bad news for equities going forward.
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