Pages

Thursday, May 31, 2012

Monetary

News                                                                                                                             
WSJ | Euro-Zone Inflation Slows, German Data Upbeat
A steeper-than-expected fall in euro-zone inflation Thursday gave hope that the European Central Bank could soon step in to support growth in the crisis-hit region, despite a fresh spate of data from Germany showing the bloc's largest economy continues to flourish.
Bloomberg | Euro-Region Inflation Rate Declines More Than Forecast
European inflation slowed more than economists forecast this month, cooling to the least in more than a year as the economic slump showed signs of deepening.
FOX Business | EU Officials: Euro's Survival at Risk
The European Central Bank stepped up pressure on Thursday for a joint fund to guarantee bank deposits in the euro zone, saying Europe needed new tools to fight bank runs as the bloc's debt crisis drives investors to flee risk.

Econ Comments & Analysis                                                                                            
WSJ | Fed Board Reflects Obama's Influence
With the swearing in of a seventh Federal Reserve board member, the panel is operating at full strength for the first time since 2006, amplifying the activist stamp of President Barack Obama.