U.S. House Prices and 2009 Growth Prospects
December 30, 2008
The range of U.S. growth forecasts in 2009 is about twice as wide as the one-percentage point band one typically finds at the start of a calendar year. Housing, a root cause of the recession, remains a main source of uncertainty over how much longer the downturn will last and how deep it will be. […] More
Currency Markets in the News
German CPI Inflation Dropped to 1.1% in December
December 30, 2008
Consumer prices rose 1.1% between December 2007 and December 2008, down from 12-month increases of 1.4% in November, 2.4% in October, 2.9% in September and a 2008 high of 3.3% in June and July. Inflation had not been lower than 1.1% since April-July 2003. The seasonally adjusted CPI slid for a third straight time on […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stocks Up and Dollar Down
December 30, 2008
The dollar has posted broad losses of 1.6% against the euro, 0.9% versus the Australian dollar, 0.7% against sterling and the Swiss franc, 0.6% relative to the yen and Canadian dollar, and 0.3% against the kiwi. Even the rouble firmed against the dollar. The Nikkei firmed 1.3% in its final session of 2008. The Dax […] More
