News
Fox Business | Fed Likely Won't Initiate QE3 Next Year: Poll
Over half of the 53 economists polled said they do not expect the Fed, the U.S. central bank, to undertake another round of quantitative easing next year, known as "QE3."
Bloomberg | Bernanke Signals Fed Ready to Ease on EU Risk
Federal Reserve Chairman Ben S. Bernanke signaled he’s concerned Europe’s crisis will hobble a 2 1/2-year U.S. expansion that may need another boost from the central bank.
Market Watch | Euro falls below $1.30 on debt worries
The euro slumped to its lowest level since January on Wednesday, ticking further under $1.30, after Italy’s borrowing costs surged at a bond auction to reinforce worries about the sovereign-debt crisis.
USA Today | Federal Reserve ends meeting without major moves
Economic reports took a slightly more positive turn Tuesday, with the Federal Reserve modestly upgrading its outlook and an index of small-business optimism reaching its highest level since February.
WSJ | Euro at 11-Month Low
Selloff Comes After Period of Resilience for the Currency.
Blogs
Minyanville | Assessing the Impact of Inflation Expectations on Industry Group Performance.
If inflation expectations rise, the outperformance of the strong groups will fall and the underperformance of the weak groups will narrow. The opposite should be true as well.
WSJ: Real Time Economcis | A Look Inside the Fed’s Balance Sheet
Assets on the Fed’s balance sheet sit at around $2.8 trillion as of last Wednesday. The level has held pretty stable since June, when the central bank ended it bond-buying program, commonly known as QE2.
Econlog | Today on the Eurozone Crisis
The European Banking Authority ordered the region's banks on Dec. 8 to raise 115 billion euros ($154 billion) by June. Faced with dwindling profits and unable to tap capital markets to sell new shares, firms may be forced to seek government help.
WSJ: Real Time Economcis | U.S. Mint Suspends Production of $1 Presidential Coins
The U.S. Mint is suspending production of dollar coins as the government looks to nickel and dime its way to smaller budget deficits.
