Deeper Analysis
How’s Quantitative Monetary Easing Working Out?
November 15, 2010
The initiation of a second round of quantitative easing by the Fed at the start of this month sought to boost employment growth and inflation. Officials hope to promote these goals through a variety of channels: By depressing long-term interest rates and thereby stimulating investment and housing. By lifting share prices and creating a wealth […] More
Deeper Analysis
Early Returns on Third-Quarter Growth Paint the United States in a Trailing Position
November 15, 2010
Preliminary estimates for GDP growth last quarter have now been released in the United States, Japan, the euro area, Britain and China. The results explain why the Federal Reserve has already decided to do at least another $600 billion of quantitative easing in contrast to the lack of such a decision by the ECB or […] More
New Overnight Developments Abroad - Daily Update
Continuing Worries About Euro Area Sovereign Debt
November 15, 2010
The dollar has recovered another 0.5% against the euro and yen, 0.4% versus the Swiss franc and sterling, 0.2% against the kiwi and Canadian dollar, and 0.1% against the Chinese yuan. The Aussie dollar bucked this trend with a 0.1% uptick against the greenback. Stocks were mixed in the Pacific Rim. Equities climbed 1.1% in […] More
