BANGALORE, July 31- The Reserve Bank of India is likely to leave its key interest rate unchanged on August 5 and won't ease policy until early next year on fears food inflation will spike if monsoon rains are below average, according to a Reuters poll.» Read More
Small business owner confidence in the U.S. economy deteriorated to its lowest in 28 years, according to a survey released Tuesday.
Rising food and energy costs are still trickling through the economy, complicating the outlook for inflation, Boston Federal Reserve President Eric Rosengren said on Tuesday.
The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.
Federal Reserve Chairman Ben Bernanke Monday sounded a warning over soaring energy costs and said the central bank would "strongly resist" any tendency for an inflationary psychology to take hold.
Treasury Secretary Henry Paulson declined to rule out intervening in currency markets to stabilize the dollar, but said strong economic fundamentals would "shine through."
President Bush said Monday a strong dollar was in the interest of the United States and the global economy, and that energy prices were high.
Lehman Brothers downgraded continental European stocks to "underweight" from "overweight," while raising U.S. equities to "overweight" from "underweight."
Japanese bank lending in May rose at its fastest annual pace in more than a year, as firms borrowed more to cover rising energy and material costs, but economists said the rise did not signal a stronger economy.
It seems like over the past few months, the media just can’t get enough of showing swanky celeb estates in foreclosure. "Look! They're in trouble just like everybody else!" They are not everybody else.
Not an ENTIRELY serious blog about the ECB, monetary policy and Eurozone rate prospects. Correction: an entirely UNserious blog in vague connection with the ECB and no connection with monetary policy at all. Although... you never know. (And, sorry: no juicy tales about Playgirl of the Month being introduced to spice up ECB monthly reports, either.)
I'm sitting outside an abandoned foreclosure in Manassas,VA today, and honestly I don't know what to make of this neighborhood. There are for sale and foreclosure signs literally on every block.
European stocks ended lower on Thursday, falling for a second day in a row after ECB President Jean-Claude Trichet left the door open to an interest rate hike in July.
Fed intervention to calm financial market panic runs a risk of encouraging more reckless behavior and may make matters worse in the future, a top Fed policy-maker said
A cut, given inflation rates, would simply make it more likely that we would enter recession at some point. If prices keep rising significantly, then the fiscal and monetary response will have to be more drastic somewhere down the road.
The United States will not experience a protracted period of economic weakness like Japan did in the 1990s, but the U.S. financial system is hurt by a lack of clear information about banks, Atlanta Federal Reserve Bank President Dennis Lockhart said Wednesday.
The recent downturn in the UK economy is likely keeping Bank of England hawks at bay, according to former Monetary Policy Committee member Charles Goodhart, CBE.
The European Central Bank's 10th anniversary may have been marred by high inflation, but the euro's show of strength over the past nine months has been impressive.
Plus, concerns about First Solar, and oil's affect on natural gas prices.
Fed Chairman Bernanke said policy-makers were concerned by signs of rising long-term inflation expectations but did not see a dangerous wage-price inflation spiral developing.
I know everyone is gasping today over news that Ed McMahon is over a half a million dollars behind on his mortgage, but he's really not all that different from these callers, give or take a few million dollars in income.