As Janet Yellen seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low, she can reach for a six- year-old tool: the Fed’s quarterly forecasts.
A number of Federal Reserve officials said the central bank may need to expand its monthly purchases of bonds next year after the expiration of Operation Twist, according to minutes of their last meeting.
This year’s harsh winter is causing the pace of U.S. economic growth to fall along with the mercury.
Service providers from construction companies to retailers expanded in May at the fastest pace in nine months, signaling a broad-based rebound in the U.S. economy after a dismal first quarter.
"Lower mortgage rates would be a net positive for the U.S. housing market and the economic recovery more generally."
- Millan Mulraine on Dec 04, 2014
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