News
Bloomberg | Wholesale Prices in U.S. Unexpectedly Decreased in May
Wholesale prices in the U.S. unexpectedly fell in May, suggesting demand isn’t robust enough to push inflation closer to the Federal Reserve’s target.
WSJ | Fed Proposes Changes to Annual Stress Test
The Fed, in a proposal released Thursday, said it would limit banks' ability to distribute dividends or buy back shares if firms don't raise the levels of capital proposed as part of their official capital plan submitted to the central bank.
Bloomberg | Treasury Yield Curve Flattens Amid Fed Rate Speculation
The Treasury yield curve approached the flattest level in almost five years as investors speculated the Federal Reserve may raise interest rates sooner than forecast.
Econ Comments & Analysis
Real Clear Markets | Search Central Banks For Our Lost Dynamism
In light of recent events in the world of central banking and finance, I find myself increasingly drawn back to an extremely obscure episode that never amounted to much by itself. It might be fair to say that I have spent an inordinate amount of time researching this topic, commensurate with nothing other than what might fairly be called obsession; though I am reticent to take that license and instead prefer to keep it in the realm of "passionate" rather than crossing some psychiatric boundary.
Miliken Institute | Banking Structure and Regulation in 1993 and 2013
After two decades of extreme turbulence in banking and financial markets around the world, it is reasonable to ask about the current status of banking regulation and supervision. Our unique starting point for answering that question comes from the fact that 20 years ago we developed the first detailed, multi-country database on banking regulation and supervision.
Blogs
WSJ | Start the Countdown: Fed to Begin Raising Rates in a Year — WSJ Survey
The Federal Reserve will likely begin raising interest rates at a gradual pace in June of 2015 after leaving them near zero for an unprecedented six-and-a-half years, according to the median estimate of economists surveyed by The Wall Street Journal.
