News
Bloomberg | Fed’s Evans Sees Rate Increase in Second Half of 2015
Federal Reserve Bank of Chicago President Charles Evans said the central bank will probably raise interest rates in the second half of next year and the timing will depend on the pace of inflation.
Econ Comments & Analysis
Bloomberg | Fed of 1970s Shows Capacity May Mislead: Cutting Research
The decision of central banks to focus more on economic slack as a barometer of when inflation will become a problem could backfire, if history is any guide.
Real Clear Markets | The Fed, Not the Reserve Primary Fund, 'Broke the Buck'
Since their inception in the 1970s, money market funds (MMFs) have been a highly successful financial innovation. Before the financial crisis, MMFs held approximately $3.6 trillion in assets; today, they are somewhat smaller, with about $2.9 trillion under management.
Fortune | The absurd way the U.S. measures inflation: Your rent
One-third of the U.S. consumer price index is based on a highly subjective question: How much can you rent your home for?
Blogs
WSJ | Inflation Slows Again, Bouncing Around Four-Year Low
The Commerce Department’s latest read of consumer prices on Friday showed price pressures moving in a direction many Federal Reserve officials find uncomfortable. The personal consumption expenditures price index — the central bank’s preferred inflation gauge — slowed to an annual gain of less than 1%.
