Sweden hikes rates due to cost push inflation
This is the mainstream approach to negative supply shocks: “Don’t let relative value stories turn into inflation stories.” (as the Fed used to say) And,
February 13, 2008
This is the mainstream approach to negative supply shocks: “Don’t let relative value stories turn into inflation stories.” (as the Fed used to say) And,
Prospects for the U.S. Economy in 2008 (intro remarks snipped) Today I’d like to talk about developments in the economy and in monetary policy, two
It’s only been a few hours, but seems the first time since August higher oil doesn’t mean lower interest rates, and might even mean higher
Yes, the below analysis has also been the Fed’s position, up until this week’s speeches. It’s been about a crude/food/$ negative supply shock, supported by
SF Fed president Yellen on inflation, from yesterday’s speech in Hawaii: Now let me turn to inflation. The recent news has been disappointing. Over the
Not to mention my bent is inflation and growth are, at best, very weak functions of interest rates, and they work mostly through the cost
Trichet expresses the mainstream view of monetary policy: “The financial market correction — it’s a very significant correction with turbulent episodes — that we are
States the issues clearly: King Says U.K. Inflation May Match Fastest Pace in a Decade (Bloomberg) Bank of England Governor Mervyn King said inflation may
Weakness: Equity markets still heading down. Commodity markets anticipate slowing demand. Credit markets anticipate additional rate cuts. First, a word on the bond insurers: A
ECB reiterates rate hike warning FRANKFURT(AFP): The European Central Bank (ECB) reiterated Thursday a strong warning about eurozone inflation, calling for price and wage moderation