Pages

Friday, September 13, 2013

Monetary

News                                                                                                                             
Bloomberg | Producer Prices in U.S. Rose 0.3% in August on Energy, Food
Wholesale prices in the U.S. rose more than forecast in August, reflecting higher costs for food and some fuels.
WSJ | Economists Expect Tapering Announcement Next Week
A majority of economists surveyed by The Wall Street Journal—66% of the 47 who responded—expect the Federal Reserve to say at next week's policy meeting that it will begin cutting back its bond purchases, a widely anticipated milestone in a period of extraordinary monetary policy.

Econ Comments & Analysis                                                                                            
Bloomberg | Fed Message Muddled as Misunderstood Taper Meets Slowing Growth
Federal Reserve Chairman Ben S. Bernanke and his colleagues meeting next week are poised to take two steps that appear inconsistent.
Mercatus | Bernanke’s Successor Will Have More Than Monetary Policy to Worry About
US Federal Reserve watchers have taken a break from trying to figure out when the Fed will cut off its bond-buying programme to speculate about who will succeed chairman Ben Bernanke when his second term finishes at the end of January 2014.
AEI | The global economy cannot afford higher US interest rates
Sir, David Rosenberg’s bold call that we are at the start of a secular bear market for US long-term bonds would seem to be questionable for both domestic and more importantly for international reasons (“Don’t bet against Bernanke’s quest for higher inflation”, Insight, September 10).