Attention, adrenaline junkies! Do you miss the exhilaration of 2009, or maybe that thrilling after-party in late 2011, when the stock market had a fun way of bouncing around 2 percent or more in a single day? Sure, we got a taste of those wild old days last week, when the S&P 500 dived 2.5 percent on June 20, only to rebound 2.5 percent this week. The rest of 2013 has been a bore. Though the U.S. VIX volatility index spiked last week, this year it's remained 71 percent below 2011's levels.
Fed historian Allan Meltzer, a professor at Carnegie Mellon University, and James O’Sullivan, chief economist for MF Global Inc. in New York, said dissents by three Federal Reserve policy makers at today’s meeting in Washington highlight divisions among policy makers. They spoke after the majority on the Federal Open Market Committee voted to keep the benchmark interest rate at a record low at least through mid-2013.
Oct. 3 (Bloomberg) -- Jerry Webman, chief economist at OppenheimerFunds, talks with Bloomberg's Stephanie Ruhle and Adam Johnson about how to protect your portfolio from the presidential election. He speaks on Bloomberg Television's "Lunch Money."
China’s price pressures are driven primarily by food costs, and it will be some time before the country will export inflation to the rest of the world economy, according to speakers at a meeting hosted by Bloomberg Link.