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09:58:11 - 05/08/2014
The European Central Bank President Mario Draghi showed that officials are ready to ease monetary policy next month. President Draghi is worried about the euro’s exchange rate. The council will not act this month, but they have made it clear that they are ready to act next month and that is the discussion that they will have. Now the debate for the ECB will be how much stimulus will they have to add to a euro region that is being threatened by deflation.
09:58:11 - 05/08/2014
The European Central Bank President Mario Draghi showed that officials are ready to ease monetary policy next month. President Draghi is worried about the euro’s exchange rate. The council will not act this month, but they have made it clear that they are ready to act next month and that is the discussion that they will have. Now the debate for the ECB will be how much stimulus will they have to add to a euro region that is being threatened by deflation.
10:37:33 - 05/07/2014
The Federal Reserve feels that they must continue to spur economic growth as indicators for inflation and employment are still far from their goals. Janet Yellen said that, “A high degree of monetary accommodation remains warranted,” in a testimony prepared for delivery to the Joint Economic Committee of Congress according to Bloomberg. Ms. Yellen’s concern is that many Americans are seeking jobs that are still unemployed and the inflation rate is still well below the central bank’s desired 2% rate.
11:03:00 - 05/06/2014
We all witnessed how severe weather could impact the growth of an economy from analyzing first quarter GDP. Currently climate change is once again negatively impacting our economy. Some states are experiencing extreme weather conditions such as flooding, droughts and other disasters. Some analysts might see this as a minor setback, but such weather conditions can have a drastic effect on our economy.
16:20:43 - 05/02/2014
It appears that America’s job-creation machine kicked into high gear in Aril as payrolls increase by the most in the past two years. The 288,000 gains in employment marked the biggest upside surprise since February 2012. This increase in jobs has sent the Unemployment rate to 6.3% the lowest it has been since September 2008.
11:01:47 - 05/01/2014
The Federal Reserve stated that they will keep reducing the pace of bond purchases as the economy shakes of it’s slow start to the first quarter. This is putting the economy on track to end the unprecedented stimulus program by the close of 2014. Growth has recently picked up according to the Federal Open Market committee. This announcement came just hours after the government report showed how poor the growth in the first quarter had been for the economy
09:27:12 - 04/30/2014
The U.S. economy nearly stalled in the first quarter as poor weather conditions and weakness overseas hurt exports drastically. Gross domestic product, the broadest measure of goods and services across the economy, adjusted at an annual rate of 0.1%. This matches the second-weakest quarterly reading in the past five years of the recovery. This is far from what economist were forecasting at roughly over 1%.
11:54:23 - 04/29/2014
European Central Bank President Mario Draghi told German lawmakers that a quantitative-easing program is very unlikely. This suggests that the ECB will move forward with another form of stimulus in order to increase inflation rates. The other form of stimulus will more than likely be decreasing interest rates, sending them into the negative.
15:55:07 - 04/28/2014
Mario Draghi’s has been the head of the European Central Bank for the past 2 ½ years. His most important decision as of yet could rely on a single piece of data. If the ECB see’s a weak inflation reading on April 30th we could probably see negative interest rates take place or the possibility of further quantitative easing. One thing is certain and that is that some form of stimulus is needed in order to push these alarming inflation rates up.
09:34:48 - 04/25/2014
Consumer confidence rose in April to a nine-month high. This shows us that Americans are gaining more confidence in the US economy as the market starts to gain traction. This also tells us that it is more than likely that the Federal Reserve will once again trim down on their bond buying this month, once they meet. Though, this peak in confidence leaves one issue unresolved and that is the dip in housing sales.
09:30:39 - 04/24/2014
A surge in prices helped drive down sales of newly built homes in March. This is the latest indication that the housing market is failing to regain traction in this economic recovery. Sales of new single-family homes fell 14.5% from February to a seasonally adjusted annual rate of 384,000, according to the Commerce Department. This is the lowest annual rate since last July. The housing market is currently such a struggle that it will be a major discussion point at the Feds next meetings.
09:32:24 - 04/23/2014
Federal Reserve officials are on track to reduce their monthly bond buying to $45 billion at their policy meeting next week. This leaves the question if the Federal Reserve will start to raise their short-term interest rates.
09:43:04 - 04/22/2014
You may be on your way to work when you notice that you are running low on gas. So you decide to pull into a gas station and just as you’re about to pay for gas you notice… the price of gas has increased significantly! Why, if inflation is staying low? This doesn’t make any sense!
09:58:02 - 04/21/2014
The recovery from the recession has been nasty and lengthy. Though, the recovery is also turning out to be one of the most enduring. The U.S. economy began expanding once again in June 2009, a year after the market crashed. Since that current stretch of growth, in terms of duration, this recovery is posed to pass the average for any recovery after World War II.
09:02:19 - 04/18/2014
Payrolls climbed in 34 U.S. states in March and unemployment rates fell in 21, showing the job market is making progress across the economy. Florid led the nation with a 22,900 increase in payrolls, followed by North Carolina with 19,400 jobs, according to the labor department. A key indicator the economy is improving and that consumer confidence and household spending should be soon to follow.
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