Part two of a two-part series. There were big price shifts up and down in August, making it difficult to pick up a clear signal about inflation. However, if consumers…
Patience Pays Off for Fed, Investors
The new word is “patient.” And it’s a humdinger. The Dow Jones Industrial Average soared more than 700 points over two days last week after Federal Reserve Board Chair Janet…
Going Prudential In a Macro Way
Obfuscation is an art form in which the Federal Reserve Board excels. It follows a few simple rules: Never use a word or phrase that is simple and widely understood…
Mario the Magnificent
It will take more than higher prices to cure what ails the European economy, but Wall Street reacted to the European Central Bank’s inflation-boosting efforts by setting new records yesterday.…
Talking the Talk
When’s the last time you’ve heard anything about the sovereign debt crisis? We’ve seen more activity in a tortoise than we’ve seen in Europe of late. Maybe Vladimir Putin needs…
At The Fed, Saying Trumps Doing
President Obama’s campaign slogan for last year’s election was “Forward.” The Federal Reserve Board’s slogan in the coming months may be “forward guidance.” According to Goldman Sachs, The Fed is…