Rediscover Fed Funds Top-line economic numbers depicting the state of the U.S. economy suggest that there are valid reasons to be optimistic – with the unemployment rate at 6.2% and core inflation in the form of the PCE at 1.5%.* The ongoing strength...
Two months ago, the European Central Bank (ECB) announced new measures to stimulate the euro area's economy. More recently, it led investors to expect nothing further from yesterday's meeting of its governing council. In his statement yesterday, ECB ... #Europe#European Central Bank#Mario Draghi#Federal Reserve
What parent, busily trying to make sense out jumpy data, hasn't yelled that down to the basement, especially during summer, when the kids are home from school? My kids, however, schooled in the volatility of high-frequency data, yell back: "Dad, if y... #Europe#European Central Bank#Mario Draghi#Federal Reserve
Annual inflation in the euro zone fell in July to its lowest since the height of the financial crisis in 2009, keeping the risk of deflation on policymakers' radar but unlikely to spur the European Central Bank into further policy action. The slowdow... #European Central Bank#European Union#IHS Inc.
To assert that economists are having trouble figuring out the relationship between inflation and unemployment is like saying chefs can't figure out what to do with salt and pepper. It's that fundamental. Yet, we're befuddled, and that has powerful po... #European Central Bank#European Union#IHS Inc.