News
Market Watch | Euro-zone jitters send dollar higher
The dollar rose against the euro Monday on concerns the euro-zone’s sovereign-debt problems could turn into a solvency crisis, but remained down against the Japanese yen and Swiss franc following a cut to the U.S.’s credit rating.
Bloomberg | Fed May Boost Stimulus Pledge
Federal Reserve officials may strengthen their commitment to record monetary stimulus as soon as today after a faltering economic recovery and a U.S. credit- rating cut provoked a rout in global stocks.
Market Watch | QE3? Expect, at most, QE 2.1 at Fed meeting
The Federal Open Market Committee meeting on Tuesday, which just two weeks ago was expected to be an almost throwaway gathering, has suddenly morphed into a major event.
Econ Comments
Bloomberg | China Inflation Quickening to 6.5% Limits Policy Response to Global Crisis
China’s inflation accelerated to the fastest pace in three years in July, limiting the scope for monetary easing to support growth as plunging stock markets signal the global recovery is weakening.
Blogs
Coordination Problem | Assume for the Sake of Argument That There Were Missed Opportunities, Now What?
I don't think monetary expansion is a way to address a collapsing economy due to previous manipulations in money and credit.
Calculated Risk | FOMC Preview
There is a one day meeting of the FOMC tomorrow and no press briefing. In light of recent developments, the FOMC statement to be released around 2:15 PM ET Tuesday might be interesting.
