Current price levels and related trends are similar today to recent periods when deflation fears forced the Federal Reserve to ease policy. Commodity prices have been on a steady decline since mid-2011 and non-petroleum import prices have contracted at a 1.2 percent pace during the last 12 months. Given personal consumption expenditure (PCE) inflation of only 0.7 percent and an associated core PCE of [...]
NXP Semiconductors, the electronics maker whose debt load decreased more than peers since 2010, is favoring share buybacks and dividends rather than reducing obligations, said CFO Peter Kelly. Click HERE for more.
When Janet Yellen takes over the position of Fed chair, she will preside over unwinding the quantitative easing legacy of her predecessor Ben S. Bernanke, and eventually guiding U.S. interest rates higher. Bloomberg Brief looks at what a Yellen-led Fed means for central bank policy. Click on the image below to download our free supplement.
China’s renewed commitment to reform and run of positive data buoyed investor confidence in the year ahead. Mounting structural challenges and a drag on growth from policy shifts may temper optimism. Click here to continue reading.
Taming bulging credit, not price pressure, will probably drive China’s monetary policy in 2014. Price data for November shows inflation remains muted. The consumer price index rose 3 percent from a year earlier, down from a 3.2 percent gain in October. Click here to continue reading sample article.
BIG PICTURE COMMENTARY BY TOM ORLIK, BLOOMBERG ECONOMIST China’s renewed commitment to reform and run of positive data has buoyed investor confidence for the year ahead, though mounting structural challenges and a drag on growth from policy shifts should temper optimism. Click here to continue reading [...]
Friday’s November nonfarm payroll report should mirror the modest increase in third-quarter output with job gains near the six-month average of 190,000. The Bloomberg consensus forecast is for 185,000 new jobs created. While gains near the six-month average will continue to slowly bring down the U.S. unemployment rate, the majority of jobs are still being created in the low-paying service sector. Click here to [...]
Boyd Gaming may try to lower the cost of some of its $4.3 billion in debt in 2014 if the Fed continues its bond-buying programs that are keeping interest rates low, according to CFO Josh Hirsberg. Click HERE for more.
MDC Partners aims to use free cash flow on acquisitions to boost earnings and cut indebtedness, said CFO David Doft. It plans to take the ratio of net debt to Ebitda under 2.5 times, from 3.1, in two to three years, Doft said. Click HERE for more.
The European Central Bank will probably be forced to ease monetary policy again as inflation decelerates. It may eventually choose to conduct a policy of quantitative easing. Click here to continue reading sample article.