Federal Reserve Board Chair Janet Yellen stated on May 22 that she believes “it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy.” Despite the gross domestic product of the first quarter of 2015 not [Read more]
America’s central bank is finding it difficult to know what the rates of unemployment and inflation are in the United States. It is wavering on toughening its monetary policy, especially as Congress will not forgive it if it makes the wrong move.
In the world of foreign trade, there is a typical reflex response: a strong dollar is good. If the dollar increases in value, it's Christmas in export economies like Japan, China, and Germany. In fact, one can argue that the more expensive the imports of raw materials become on a U.S. dollar basis, the more the [Read more]
Voilà, it is done: On Nov. 28, the S&P 500* clocked a sixth consecutive increase. This time, the weekly profit capped at 0.03 percent despite the 0.25 percent lost last Friday. Now, nobody will ever doubt the diabolical precision of algorithms. The S&P 500 also established a new absolute record at 2075.76 points a few [Read more]
There’s a feeling that the United States Federal Reserve will soon raise the interest rate. The Fed Beige Book analysis, published on Dec. 3, stated:
"Reports from the twelve Federal Reserve Districts suggest that national economic activity continued to expand in October and November. A number of Districts also [Read more]
While Washington is overcoming recession and leaving stimuli behind, Europe insists on austerity.
The “masters of the financial universe” met on the 18th floor of a modern building located in the Swiss city of Basel. The meeting featured Janet Yellen, director of the U.S. Federal Reserve, and Mario Draghi, director of the European Central Bank, along with 16 other leaders of the financial world. The meeting [Read more]