Wednesday, September 17, 2014


Bloomberg | U.S. Consumer Prices Drop for First Time in a Year
The cost of living in the U.S. unexpectedly dropped in August for the first time in more than a year, giving some Federal Reserve policy makers reason to maintain that interest rates should remain low for longer.

Econ Comments & Analysis                                                                                            
Market Watch | Fed exit may be bumpy ride for investors
The Federal Reserve’s next tightening cycle won’t look like anything investors have seen before.
Bloomberg | Fed Decision Day Guide: Considerable Debate on Forward Guidance
Here’s what to look for when the Federal Open Market Committee releases its policy statement and new economic projections at 2 p.m. today in Washington and Federal Reserve Chair Janet Yellen holds a press conference at 2:30 p.m.

Wall Street Journal | WSJ Analysis: The Case for the Fed to Tweak but Keep “Considerable Time” For Now
In a webcast Tuesday, I explained why I thought the Federal Reserve would stick with, but qualify, an important phrase in its policy statement Wednesday which assures near-zero interest rates for a “considerable time.” This was simply my best analysis of where I think the Fed is going based on what we have been reporting and what officials have said in the past.