News
Market Watch | U.S. wholesale prices climb 0.1% in June
U.S. wholesale prices rose slightly in June as higher costs of food, trucks and appliances offset another decline in energy costs, the Labor Department said Friday.
Econ Comments & Analysis
Heritage Foundation | Federal Reserve’s Operation Twist Takes Wrong Turn
At its meeting on June 20, 2012, 11 of 12 members of the Federal Open Market Committee (FOMC) voted to apply another $267 billion to continue Operation Twist through the end of this year.
Blogs
Daily Capitalist | The Real Story Behind Consumer Credit
Last week we heard that consumer credit (consumer borrowing) had “improved” substantially in May, which was said to be a very positive economic indicator. Overall, the Fed reported, such credit increased 8.0% overall on an annualized basis.
Political Calculations | Whither QE3?
Once upon a time, Harvard economist Greg Mankiw concocted a mathematical formula for predicting how the U.S. Federal Reserve would set its basic interest rate for U.S. banks: the Federal Funds Rate.
