Producer prices rose less than expected, with much of the hike coming from energy. Excluding food and energy, PPI fell 0.6% in the month. Overall, wholesale prices are up just 1.5% in the past year — still too close to deflati…
Among today’s top stories for investors: Why stocks are cheap but bonds are not; could we see Dow 55,000 by 2033; and the case against QE2.
Continue reading Daily Blogwatch: The Case Against Quantitative Easing…
William Dudley, president of the Federal Reserve Bank of New York, struck back at critics of the Fed’s asset buying program, saying they “do not understand” the tools available to the Fed.
“People do not understand clearly” that “we can have an enla…
The seemingly symbiotic relationship between the China and America — dubbed Chimerica — is now clearly chimerical. What was once billed as the ideal partnership is quickly turning into a competition for global influence inste…
The Federal Reserve bought $7.3 billion worth of U.S. Treasuries Friday as it started a second round of quantitative easing meant to stimulate the nation’s economy, media reports indicate. The QE2 plan, designed to boost job cr…