Janet Yellen says Federal Reserve policy makers need to look at a broader range of data to get a good handle on the job market. She hasn’t highlighted one labor indicator that economists say is sounding inflation alarms: short-term unemployment.
U.S. economic growth may quicken to more than 3 percent next year as consumers gain confidence and spend more on deferred purchases if Congress avoids the fiscal cliff, Deutsche Bank AG chief economist Peter Hooper said.
Peter Hooper, chief economist at Deutsche Bank Securities Inc., says there are "signs of bottoming" in the housing market. Hooper talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."
German two-year notes fell for the first time in four days as European Central Bank Governing Council member Ewald Nowotny said he saw no need for “immediate” monetary-policy action to boost the economy.