News
Market Watch | U.S. import price index declines 0.1% in December
Prices paid for goods imported into the U.S. declined 0.1% in December, with lower prices for both fuel and nonfuel imports, the U.S. Department of Labor reported Friday. Economists polled by MarketWatch had expected import prices to rise 0.1% in December.
Bloomberg | Japan’s Abe Unveils 10.3 Trillion Yen Fiscal Stimulus: Economy
The Japanese government will spend 10.3 trillion yen ($116 billion) to drive a recovery from a recession in Prime Minister Shinzo Abe’s first major policy initiative to end deflation and boost growth.
Market Watch | Plosser: Inflation risks unless Fed tightens
Philadelphia Fed President Charles Plosser said Friday there are some risks to inflation in the medium to longer run unless monetary policy is tightened more quickly than the Fed anticipated in its last statement.
CNN Money | Food prices boost China inflation
Higher food prices brought on by a bone-chilling spurt of cold weather pushed China's consumer price index higher in December.
Market Watch | Fed hawks get their day in the sun
Two of the year’s most hawkish voting members of the Federal Reserve on Thursday expressed their concerns over the central bank’s loose policy, raising questions about whether the Fed will manage to escape its policy as well as potential bubbles being formed.
Blogs
WSJ | Fed’s Record-Breaking Profit
The Federal Reserve is breaking all kinds of records these days. Its balance sheet has swelled to more than $2.9 trillion and will reach new highs in 2013 as the Fed purchases $85 billion a month in Treasury and mortgage-backed bonds.
Economist | Mario's waiting game
The euro area is mired in recession and unemployment in the single-currency zone continues to scale new heights, reaching 11.8% on figures out this week, up from 10.6% a year earlier. But the European Central Bank did nothing to help today, leaving its key interest rates unchanged. The governing council took the decision unanimously, ECB president Mario Draghi told the press conference.
