When Bank of England Governor Mark Carney presents his quarterly economic forecasts this week, he faces a challenge similar to that faced by his colleagues at the Federal Reserve: how to convey the probable path of policy as stronger-than-expected growth moves up the likely date for reaching thresholds for considering an interest-rate increase.
Dan Kowalyshyn figures he owes about $200,000 more than what his four-bedroom house is worth today. It faces a cul-de-sac where three of the six homes have been lost to foreclosure since his $570,000 purchase in 2006.
Wagers on President Barack Obama’s re-election are rising in tandem with stock prices, just as the fortunes of his Republican predecessor George W. Bush did in 2004, suggesting incumbency counts more than party affiliation in the markets.
A measure of the U.S. money supply, created but abandoned by the Federal Reserve, has turned negative in the past year and signals disinflation or outright deflation, according to economists who track the figure.