News
CNN Money | Russia hikes rates as credit rating cut
Russia hiked interest rates for a second month running Friday in an effort to limit the economic damage of rising tensions over Ukraine.
CNBC | Wall Street looking for more hawkish Fed policy
The April CNBC Fed Survey shows respondents looking for a 1 percent Fed Funds rate on average to end 2015, up from 0.83 percent in March. The median is up a full quarter point. And half of the respondents now believe the Fed will reverse quantitative easing in 2015 and begin to reduce the size of its balance sheet. That's up from 39 percent in the March survey.
Econ Comments & Analysis
Forbes | Dreams of a Central Planner
The Federal Reserve has arrived at last. Exhibit A: The tremendous number of people interested in who would be confirmed as the new Fed Chairman last January.
Market Watch | Why Draghi believes the FOMC way is the best way
Mario Draghi, the European Central Bank president, believes “less is more.” He’s a master of artfully constructive opacity, rarely saying too much when too little would suit him better.
Blogs
WSJ | Inflation Expectations Hold Steady—For Now
According to Friday’s consumer sentiment survey put out by Thomson-Reuters and the University of Michigan, consumers think inflation will be 3.2% a year from now, little changed from expectation readings so far this year.
