News
CNN Money | Fed not expected to taper QE3 until December
Ever since Federal Reserve Chairman Ben Bernanke noted last month that the central bank may start slowing its stimulus program in just a "few meetings," it's been a bumpy ride for financial markets.
Bloomberg | U.S. Wholesale Prices Rise More Than Forecast on Fuel, Food
Wholesale prices in the U.S. climbed in May for the first time in three months, reflecting an increase in fuel and food prices that failed to filter through to other goods.
Econ Comments & Analysis
Forbes | The Fed's QE Schemes Have Raised, Not Lowered, T-Bond Yields
A large majority of market commentators has attributed the recent, sharp rise in the 10-year U.S. T-Bond yield – from 1.63% in early May to 2.20% this week – to growing expectations that the Federal Reserve will be “tapering” its “quantitative easing” (QE) programs.
WSJ | Fed's Bond-Buying Wild Card: Inflation Expectations
Many investors have lowered their expectations for future inflation, a shift that could get the attention of Federal Reserve officials as they consider the course of their bond-buying program at a policy meeting next week.
Fortune | The real reason interest rates are rising
A curious thing is happening with interest rates -- often the single most critical influence behind economic and business decisions. Since the financial crisis, the costs of borrowing have sunk to historic lows after staying relatively low for the most part since the early 1980s.
Real Clear Markets | The New Crowded Derivatives Trade
At the end of 2012, the four largest banks in the world by assets were Deutsche Bank ($2.73 trillion), HSBC ($2.69 trillion), Mitsubishi UFJ ($2.67 trillion) and Credit Agricole ($2.58 trillion). Topping the US list were JP Morgan Chase ($2.35 trillion), Bank of America ($2.21 trillion) and Citigroup ($1.86 trillion). However, in addition to currency dynamics, these rankings are based on balance sheet presentations as they exist under different accounting regimes.
