Archive for May 17th, 2011

Deeper Analysis

Since Bernanke’s Press Conference

May 17, 2011

The first post-FOMC press conference was held three weeks ago less a day, and minutes from that April 27 meeting will be released tomorrow.  One of Chairman Bernanke’s assertions that day was that an end to the central bank’s second round of quantitative easing would be unlikely to impact long-term interest rates much, since it […] More

New Overnight Developments Abroad - Daily Update

U.K. Inflation Jumps Anew

May 17, 2011

The dollar recovered 1.2% overnight against the yen and 0.3% against the Swissy but is down by  0.3% against the pound and euro, 0.2% versus the Canadian dollar, and 0.1% relative to the Australian and New Zealand dollars.  The yuan is unchanged. Stocks were steadier than they’ve been recently, climbing 0.7% in Australia, 0.5% in […] More