Warren Buffett isn’t just a great investor. He’s the best investor, an economic study has found.
Prices in the U.S. may increase more than many expect this year, says David Rosenberg. That’s a 180- degree turn for the economist who not long ago correctly predicted a declining inflation rate, a view now prevalent among his peers.
Stanley Fischer’s bid to be Federal Reserve vice chairman won support today from a Senate panel, sending the former Bank of Israel governor’s nomination to the full chamber for confirmation.
The U.S. Federal Reserve will restart its emergency currency-swap tool by providing as many dollars as needed to European central banks to keep the continent’s sovereign-debt crisis from spreading.
The U.S. gave an election-eve commitment to “carefully calibrate” its budget retrenchment amid global warnings that a rush of austerity would harm the weak world economy.
It may be hard to remember, but there was once a time when central banks raised interest rates.
Treasuries fluctuated as the U.S. prepared to sell $16 billion of 30-year securities in the last of three note and bond auctions this week totaling $72 billion.
"FOMC members are a little bit challenged by the fear that they do not want to rattle markets."
- Torsten Slok on Dec 02, 2014
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