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Surge in Philly Fed Reading Contradicts Empire State Report

The Federal Reserve Bank of Philadelphia's Business Outlook Survey jumped from a reading of 9.0 in March to 16.6 in April. That was the strongest reading since last September, and ...
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Another Solid Week for Jobless Claims

The U.S. Labor Department has released its tally on weekly jobless claims, and the figure rose by 2,000 to 304,000. The prior week's reading was revised higher to 302,000 from ...
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Janet Yellen Talks Up Progress in Labor Market, Addresses Inflation

Federal Reserve Chair Janet Yellen spoke at the Economic Club of New York on Wednesday, April 16, regarding monetary policy and the economic recovery. The initial reaction was that the ...
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Federal Reserve

Janet Yellen Talks Up Even More Bank Capital Requirements

Janet Yellen is still getting her feet wet as chairman of the Federal Reserve. A speech on Tuesday morning may only act to create more confusion from the banks. At ...
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Consumer Inflation Ticks Higher in March

The Consumer Price Index (CPI) in the month of March did not follow the exact same gains as last week's Producer Price Index. That generally takes two months or even ...
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Inflation Finally Arrives — at Least at the Wholesale Level

If the Federal Reserve ever wanted to see some inflation -- as they keep claiming (careful what you wish for) -- the Labor Department just gave a first piece of ...
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Treasury Deficit at Decade Low in March

The U.S. Treasury may have had a successful 30-year Treasury Bond auction, but the Treasury budget deficit is alive and well. That means more deficits ahead. The Treasury's budget deficit ...
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An Almost Stellar 30-Year Treasury Auction

The U.S. Treasury has just sold its 3.625% 30-year Treasury bonds, or the so-called long bond, at a yield of 3.525%. The recent unsettling of the stock market recovery might ...
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Great Jobless Claims Reading Largely Ignored

The Labor Department showed that weekly claims were down by a whopping 32,000 to 300,000 in the week ending April 5. Bloomberg had the estimate at 318,000, and the report ...
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Chicago Fed Evans – Fed Still Missing Employment and Inflation Targets

Charles Evans, President and CEO of the Federal Reserve Bank of Chicago, was speaking on Wednesday afternoon regarding the Fed's monetary goals and strategy. Evans has been a known backer ...
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US Federal Reserve

FOMC Minutes Less Hawkish Than Yellen Comments

The Federal Reserve has released its minutes of the FOMC's March 18 to 19 meeting. These comments should, in theory, not really move the market when you consider that the ...
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Federal Reserve

Fed’s Kocherlakota: FOMC Missing Inflation and Employment Targets

Narayana Kocherlakota, President of the Federal Reserve Bank of Minneapolis, was speaking on Tuesday in a monetary policy report at the Rochester, Minnesota Chamber of Commerce. The first topic is ...
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U.S. Attorney General Targets Bitcoin in Testimony

U.S. Attorney General Eric Holder made the news recently in testimony that his office was now investigating high-frequency trading to see if it constituted insider trading. Now Holder is targeting ...
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IMF Looks for Better 2014 to 2015 Growth

The International Monetary Fund (IMF) has released its updated 2014 to 2015 economic outlook. The good news is that the group has increased its expectations moderately. The bad news is ...
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Big Pop in Consumer Credit, but Not From Credit Card Use

The Federal Reserve has released its report on consumer credit for the month of February. In February, consumer credit increased at a seasonally adjusted annual rate of 6.5%. Revolving credit, ...
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