News
WSJ | Developed Nations See a Jump in Inflation
Consumer prices in developed economies rose in May at the fastest pace since October 2008, driven by energy and food inflation, and big price jumps in Canada and the U.S.
Financial Times | China raises interest rates to 6.56%
China has raised interest rates for the fifth time in eight months, indicating that the country’s leaders are still focused on taming inflation, despite evidence that the world’s second-biggest economy is slowing.
Blogs
Heritage Foundation | Consumers Lose, No One Happy, with Final Fed Swipe Fee Regulations
Splitting the difference does not improve bad policy. The final regulations adopted this week by the Federal Reserve Board to impose price caps on “swipe fees” paid by merchants when customers use debit cards to pay for purchases will still hurt consumers.
Minyanville | With QE2 Dead, Are We Staring Down a Bull or Bear?
Quantitive Easing II is over, but is the economy ready to stand on its own two feet? Here, an investigation of possible scenarios.
