NEW YORK, Dec 3- U.S. Treasuries prices rose on Tuesday, bolstered by two bouts of bond purchases from the Federal Reserve and a slump in Wall Street stocks partly on worries about the Federal Reserve reducing stimulus sooner than some traders think.» Read More
The Federal Reserve will announce a new round of easing next week because it is “terrified” of deflation, Mohamed El-Erian, chief executive officer of PIMCO, told CNBC.
Much of the almost $1,000 billion on US non-financial company balance sheets is parked overseas and destined to stay there for use on foreign acquisitions. The Financial Times reports.
The Federal Reserve needs the help of fiscal and regulatory authorities if it is to help the US economy grow at a faster pace, Richard Fisher, President of the Federal Reserve Bank of Dallas, told CNBC Monday.
Charles Evans, president of the Chicago Fed, said that “in my opinion, much more policy accommodation is appropriate today.” The Financial Times reports.
The financial crisis has left behind a "slow disease" that is eating into financial markets, and this is obvious in stock prices and currencies, but less so in bonds for the moment, Mohamed El-Erian, CEO and co-chief investment officer of Pimco, told CNBC Tuesday.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
The internet giant is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation. The Financial Times reports.
A decision on the next round of buying assets at the Federal Open Market Committee's meeting will be difficult to take as the risk of a double-dip recession has receded, St. Louis Fed president James Bullard told CNBC Friday.
The euro will keep rising and will likely end the year at up to $1.50, as the European Central Bank pursues a highly deflationary policy, despite buying euro-denominated bonds, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com.
If there is any lesson the Germans should have learnt from two lost wars and the Great Depression, then it is that they must avoid inflation.
In the clearest calls yet by Federal Reserve officials to pump more cash into the economy, two Fed policymakers said Friday that more action would likely be needed unless the outlook improves.