New Forecasts (central tendency and range of forecasts) in Table 1 below: Long-Run inflation forecast of 1.6-2.0% is basically their target; 2011 and 2012 unemployment
Karim writes: Headline near consensus and also very consistent with trend of recent months; but details on soft side Headline payrolls -95k; private payrolls +64k;
[Skip to the end] The FOMC doesn’t seem to treat the swap lines any differently than the domestic lending arrangements: In view of a further
[Skip to the end] Once again, we are seeing that using the liability side of banking for market discipline doesn’t work. That’s why deposit insurance
[Skip to the end] On Fri, Sep 19, 2008 at 9:44 AM, Scott asks: These moves HAVE to be bad for the dollar, no? Not
[Skip to the end] > > On Thu, Sep 18, 2008 at 4:21 PM, Eric Tymoigne wrote: > > One former FOMC member at least gets it
[Skip to the end] The Fed has a major strategic advantage over private sector buyers. With the Fed making the loan, credit spreads in general
[Skip to the end] Wonder if Fisher cut a deal not to dissent for the hawkish inflation language? Karim writes: Decision (no cut) may be
[Skip to the end] (an email exchange) Not even close! > > On Mon, Aug 25, 2008 at 11:54 PM, Russell wrote: > > I found Fischer’s
[Skip to the end] Highlights: ECB Leaves Interest Rates at Seven-Year High to Fight Inflation German industrial orders drop Western European Car Sales Fall by