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10:05:53 - 07/25/2014
U.S. consumer inflation continued to rise last month but largely decelerated outside a jump in gasoline prices, and food costs in particular slowed after surging in recent months. The consumer price index for June, was released on Tuesday by the Labor Department and showed that inflation is on its way up despite recent sluggish price gains. The increases in gas prices have been the main increase in prices across the United States.
17:02:37 - 07/23/2014
The International Monetary Foundation feels that the Federal Reserve may have scope to keep interest rates at zero for longer than investors anticipate as inflation stays muted and a slowdown in 2014 hinders the labor market recovery.
07:47:16 - 07/23/2014
Before the economic crisis hit in 2008, Portugal, Greece, Spain and Ireland all had full intentions of increasing investments made in infrastructure. After the recession hit, that mentality changed. Ireland changed their plan by 2011, when a deep recession and international pressure to shrink its budget deficit pushed the government to cut its capital spending plans for education to roughly half that level.
09:40:59 - 07/18/2014
The recession has been over for a while now according to economist. This means that the economy should be moving forward and growing. The economy is growing, but at a much slower pace than anyone would have expected. Expected GDP for 2014 has once again been lowered. We can seem to escape the hideous first quarter the economy had. The second and third quarter fell short of expectations and will continue to disappoint.
09:39:10 - 07/17/2014
Home construction unexpectedly declined in the month of June to a none-month low. Housing starts fell 9.3 percent to an 893,000 annualized rate from 985,000 pace in May that was weaker than initially estimated, figures from the Commerce Department showed today in Washington. The key takeaway from all of this is that construction slumped 29.6 percent in the South to a 375,000 pace. This is the weakest that construction has been in almost two years.
18:31:51 - 07/16/2014
Federal Reserve Chairwoman Janet Yellen defended keeping interest rates low in front of Congress on Tuesday. Though, the Chairwoman did leave room for an earlier than planned reduction if the labor market continues to move in its surprising direction.
11:02:14 - 07/15/2014
Fear grew in the Eurozone as many investors through that the Portuguese bank was going to collapse. European stock markets plummeted, bond spreads for the euro-zone peripheral countries widened, spreads for core countries tightened; a Spanish bank pulled its bond auction and a Greek government bond issue raised less than hoped. It was like déjà vu. Investors thought that the Eurozone was passed these issues but they appeared and were bothering the markets once again. This proving that the Eurozone banking system is still extremely fragile.
10:23:11 - 07/14/2014
A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S. job market, potentially signaling a broader discussion that could change the rate outlook. Most Fed officials did not see rates increasing until 2015.
12:09:05 - 07/11/2014
American retailers may have more than bad weather to worry about. Retailers are starting to see a decrease in customer traffic in their stores, resulting in a decrease in sales. Companies are quickly realizing that it is much more than bad weather that is affecting their sales. This is affecting major retailers to mom and pops stores across the United States.
08:38:44 - 07/10/2014
Federal Reserve officials agreed at June's policy meeting to end their bond-buying program in October, putting an explicit end date on the experiment for the first time and closing a controversial chapter in central-banking annals with results still the subject of immense debate. The central bank has reduced bond buying by $10 billion increments every month this year. Bond buying is currently sitting at $35 billion a month from it’s high of $85 billion.
09:15:46 - 07/09/2014
Federal Reserve Chairwoman Janet Yellen will deliver her semi-annual monetary policy report to the Senate Banking Committee next Tuesday, July 15. The hearings will report on the state of economic health and the future direction of monetary policy. The Chairwoman will be discussing key items such as the inflation rate, bond tapering, and interest rates. Ms. Yellen will be giving further guidance in the Feds financial regulation.
09:56:11 - 07/08/2014
European Central Bank Executive Board member Sabine Lautenschlaeger said policy makers should only consider radical programs such as quantitative easing if the euro area is on the verge of deflation. Inflation has been rather stagnate regardless of what the ECB has done. The issue is that some of the members of the ECB agree that QE should only be used in an emergency situation. Though, other members are saying that QE should be used long before the situation becomes a dangerous one.
10:37:09 - 07/07/2014
The price of food is one of the most sensitive items for all U.S. consumers. When food prices rise it affects everyone, especially the poorer Americans. The question then becomes why is food not in the measure for inflation? When it is such a vital item that everyone depends on. Well the answer is that central bankers take a more nuanced view. They sometimes look past food-price increases that appear temporary or isolated while trying to control broad and long-term inflation trends, not blips that might soon reverse.
09:30:50 - 07/03/2014
For the past few months the most talked about topic has been inflation. In the United States inflation talks started with a worry that prices were not picking up at a fast enough pace and there was plenty of room left to stimulate the economy. That changed quickly as inflation has started to rocket upward as it approaches the Feds target rate and now a different issue is at hand. The ECB also has issues with inflation that are similar to the United States. However, inflation in the ECB remained at a low level regardless in loosening of their monetary policy.
10:15:47 - 07/02/2014
The Federal Reserve Chair Janet Yellen made it clear that there is no need to change the current monetary policy to address financial stability concerns. Even though we are starting to see “pockets of increased risk-taking” in the financial system. Janet Yellen specifically came down against the idea of increasing interest rates due to a more recent increase in economic growth. Sure the economy is moving in the right direction, but it has yet to show any signs of stability.
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