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The Fed speaks–a day for optimism on the U.S. economy?

Could that be optimism about the U.S. economy I see in the snow? (Yes, it’s snowing again here in New York City. It snowed yesterday too.) Sure looks like it with Standard & Poor’s 500 stock index opening up this morning. The market is betting on positive verbiage...

Core consumer price inflation is still on track for 0%

Inflation at the consumer level was nowhere to be seen in October. The CPI, Consumer Price Index, edged upward by 0.2% for October. In September the CPI climbed 0.1%. Economists had been projecting a 0.3% increase for October. Core inflation, that’s inflation...

Will Wall Street be happy with $500 billion from the Fed?

The morning before the Federal Reserve announces its decision on quantitative easing, Wall Street has reached a consensus on how much the Fed will say it will spend on buying Treasuries to drive down medium term interest rates and stimulate the housing market and the...

Would $100 billion a month from the Fed be a disappointment?

 Will an emerging consensus on the Federal Reserve’s new program of quantitative easing take a little bit of “whoopee” out of stocks and shift the emphasis to individual corporate earnings reports. There’s been a consensus for a while that the Fed will soon announce a...