WHAT TO WATCH: Federal Reserve Chairman Ben S. Bernanke will appear before the House today and the Senate tomorrow to present a semi-annual monetary policy report, with a statement due at 8:30 a.m. Housing starts in the U.S. may have climbed in June to an annualized 960,000 rate, 8:30 a.m. The Bank of England voted 9-0 to keep the target [...]
By Joseph Brusuelas, Bloomberg Economist Investors may see Federal Reserve Chairman Ben S. Bernanke attempt to conduct a monetary symphony in three parts at this week’s FOMC meeting when he uses his press conference, the update of the summary economic predictions and the policy statement to try to manage market expectations amid renewed volatility. [...]
By Rafael Diamond, Archaea Capital Research Japan is “borrowing” growth from virtually every other major exporting nation on the planet, especially from its Asian neighbors. The same thing happened in 1998 after the yen fell almost 50 percent versus the U.S. dollar during the preceding three years. Meanwhile, Japanese policy has raised the global [...]
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Losses on junk-bond ETFs are outpacing the broader U.S. high-yield market by the most in three years, signaling a deepening slump for debt that traded at record-high prices less than a month ago. Click Here for More
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Fed Chairman Ben S. Bernanke indicated he has little appetite for a premature slowing of the central bank’s asset purchase program because of persistent weakness in the U.S. labor market and a general lack of confidence in the self-sustaining nature of the recovery. Click here to continue reading.
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