Dec 11 balance of risks update
Labor markets remain stronger than expected, right up through this morning’s Manpower survey for next quarter. Inflation risks remain elevated, with estimates of 1.5% PPI
December 11, 2007
Labor markets remain stronger than expected, right up through this morning’s Manpower survey for next quarter. Inflation risks remain elevated, with estimates of 1.5% PPI
And the risk is headlines could get much worse after they cut. For example: ‘Oil prices rise as Fed rate cuts drive down the dollar’
Yet another shoe that didn’t fall. No business interruption, no change to aggregate demand, a relatively few layoffs over time, and this is a major
National Debt Grows $1 Million a Minute The Associated Press Monday 03 December 2007 Washington – Like a ticking time bomb, the national debt is
While Fed gov Fisher was correct in stating the Fed isn’t held hostage to market pricing of fed funds when it makes its decision, the
Reminds me of the guy who loves money and wants to abolish taxes. I do think the push is now for a stronger $, however,
“I don’t think that’s fair because I don’t — again, I think I’ve been pretty clear in saying we have an economy in the US
Here’s the response to Jan’s (Goldman) concern about lost capital constraining lending. Bank capital grows endogenously- it’s not a constraint on lending apart perhaps from
Makes a lot more sense to Central Bankers to cut with a strong currency than a weak one, particularly with the strong currency keeping prices
(from an interoffice email) Karim: Quite a long one http://www.frbsf.org/news/speeches/2007/1203.html, but here goes, with selected excerpts, headings my own. If you don’t want to read