Tag Archives: quantitative easing
The Federal Reserve wasn’t just trying to drive down interest rates when it announced a third round of bond purchases Thursday, September 13. It also wants to make people feel wealthier — and more willing to spend.
For the last couple of years, the US bond market has been batted back and forth by deflation and inflation fears. One consequence has been a lot of “noise” in the data – a racket that it may be best to ignore. Read More
For some time, we have forecast that inflation would return to relatively normal levels in 2011. In fact, we expect core inflation (inflation excluding food and energy) to rise from its near-zero year-over-year rate to closer to 2%. Read More
The Federal Reserve is about to take a huge risk in hopes of getting the economy steaming along again. Nobody is sure it will work, and it may actually do damage.
The Fed is expected to announce today that it will buy $500 billion to $1 trillion in government debt, and drive already low long-term interest rates even lower. The central bank would buy the debt in chunks of $100 billion a month . . . read more Read More