News
WSJ | Fed Weighs More Stimulus
Federal Reserve officials sent new signals they are seriously considering more actions to bolster the economic recovery but disappointed many investors by not indicating they are committed to taking action.
Market Watch | Few Fed officials backed more easing: minutes
Only a few officials thought that more asset purchases would be necessary at the Federal Reserve’s policy meeting in June, according to the minutes released on Wednesday that drove U.S. stocks lower.
WSJ | Forecasters Predict Fed Will Do More to Spur Recovery
Amid mounting evidence that the U.S. recovery has slowed, more economists in The Wall Street Journal's monthly forecasting survey expect the Federal Reserve to take further action, even though most don't think such a move is warranted.
Bloomberg | Import Prices in U.S. Fell in June by Most Since 2008
Prices of goods imported into the U.S. decreased more than forecast in June as declining energy costs curbed inflation.
Blogs
Daily Capitalist | Operation Twist Will Fail — Again
A fall in interest rates cannot grow the economy. All that it can produce is a misallocation of real savings. As a rule, an artificial lowering of interest rates (which is accompanied by the central bank’s monetary pumping — increasing commercial banks’ reserves) boosts the demand for lending; and this, as a rule, causes banks to expand credit “out of thin air.”
