News
Market Watch | Fed, in time, to use three easing tools: Blinder
The Federal Reserve will eventually try all three principal easing tools now on the table unless there is a dramatic improvement in the economic outlook, a former top central bank official told MarketWatch in an interview.
CNN: Money | CPI: Inflation rate picks up in August
The highest inflation rate in three years put a squeeze on consumers' wallets in August, according to the government's key price measure. The Consumer Price Index rose 3.8% in the month compared to a year earlier. That's up from 3.6% in July and is the highest reading since September 2008.
NYTimes | New President at Kansas City Fed
Thomas M. Hoenig, who announced last March that he would step down on Oct. 1 when he would be 65, the mandatory retirement age for Fed bank presidents. He was the Fed’s longest-serving regional bank president.
Reports
RCM: Wells Fargo | Consumer Prices Jump in August
Led by gains in housing, gasoline and food, headline CPI inflation increased a stronger-than-expected 0.4 percent in August. Excluding food and energy, prices rose a trend-like 0.2 percent.
