APEC FinMin: Aim More Mkt-Set FX, Avoid Weakening Currencies Posted: KYOTO, Japan (MNI) - Top financial policymakers from the Asia-Pacific Economic Cooperation forum on Saturday endorsed the latest Group of 20 initiative to let market forces set foreign exchange rates more and avert a race to make currencies weaker to gain an export edge. ... |
Japan Noda: Didn’t Discuss, Global Imbalances With Geithner Posted: KYOTO, Japan (MNI) - Japanese Finance Minister Yoshihiko Noda said on Saturday that he didn't discuss about any concrete topics, including solving imbalances facing Japan and the U.S., or foreign exchange rates, when he met earlier with U.S. Secretary of the Treasury Timothy Geithner. ... |
Bernanke: Strong U.S. Economy Best for the Dollar -4- Posted: By Denny Gulino and Rica Shelton Caughman On emerging markets, "Growth in foreign economies has numerous effects" one of which is "it raises commodities prices." Another effect is that "it serves as an engine of growth and demand for the global economy. So having growth in ... |
Bernanke: Strong U.S. Economy Best for the Dollar -3- Posted: By Denny Gulino and Rica Shelton Caughman On inflation, "the one exception to the general observation that inflation has been coming down is that globally traded commodities like energy, foods and other commodities have been going up pretty sharply," Bernanke said, driven by the demand of ... |
Bernanke: Strong U.S. Economy Best for the Dollar -2- Posted: By Denny Gulino and Rica Shelton Caughman Bernanke spent 46 minutes in the classroom, easing into his former role of university professor with a brief overview of the Fed's actions in the crisis and since and then taking questions from the students who appeared ... |
Fed’s Plosser: Need ‘Humility’ In Assessing If Doing Right Pol Posted: By Steven K. Beckner JEKYL ISLAND, Ga. (MNI) - Philadelphia Federal Reserve Bank President Charles Plosser said Friday that the Fed needs a dose of "humility" as it assesses what kind of monetary policy the economy needs. Plosser, in impromptu remarks ... |
Bernanke: Strong U.S. Economy Best for the Dollar Posted: By Denny Gulino and Rica Shelton Caughman JACKSONVILLE, Fla. (MNI) - The Federal Reserve is well aware of the special role the dollar plays in the global financial system and a strong U.S. economy is what will help the dollar the most, Fed Chairman Ben Bernanke ... |
Text:NAR Survey Shows Better Returns From L-T Home Ownership-2 Posted: WASHINGTON (MNI) - The following is the second and final part of the text of results from a survey published by the National Association of Realtors Friday of home buyers and sellers: The median downpayment of all home buyers was ... |
Text:NAR Survey Shows Better Returns From L-T Home Ownership-1 Posted: WASHINGTON (MNI) - The following is the first part of the text of results from a survey published by the National Association of Realtors Friday of home buyers and sellers: Home buyers today have affirmed a long-term view of home ... |
US DATA: NAR Home Buyer and Seller Survey finds “the. Posted: US DATA: NAR Home Buyer and Seller Survey finds "the typical seller is experiencing positive returns and the vast majority of home owners see their property as a good investment." Typical sellers had been in their previous home for eight years, vs seven years in the 2009 study, and first-time ... |
US DATA: Sept consumer credit +$2.1b as nonrevolving. Posted: US DATA: Sept consumer credit +$2.1b as nonrevolving +$10.4b (auto, mobile homes, boats, etc) and revolving -$8.3b. This breaks a string of drops dating back to 2009. Facts that the number is still subject to revision and that the decline ocurred in revolving (credit card) debt still suggest the consumer ... |
US’s Pelosi: Wants To Be House Dem Leader in New Congress Posted: --Outgoing House Speaker Says She Wants To Remain As Democratic Leader --Speaker Pelosi: Wants To 'Protect' Health Care, Reg Reform --Rep. Pelosi: 'Our Work is Far From Finished' By John Shaw WASHINGTON (MNI) - House Speaker Nancy Pelosi said Friday that she will run again to be the House ... |
US Experts Say Hill To Pass Debt Hike Next Yr After A Battle Posted: --Analysts Say GOP Leaders Realize Limit of Debt Ceiling As Leverage --Debt Limit Debate Likely To Be Long And Messy -- With Many Threats --GOPs Leader Boehner and McConnell Are Veterans of Past Debt Hikes By John Shaw WASHINGTON (MNI) - Budget experts say there are two things that ... |
US Admin Offls Resigned To Drawn Out Battle To Lower Unemp Posted: By Brai Odion-Esene WASHINGTON (MNI) - While the Obama administration sees October's better-than-expected jobs report as a sign that the economic recovery "has legs," officials remain resigned to the fact it will take some time before similar inroads are made in reducing the unemployment rate. ... |
US DATA: Sept NAR Pending Home Sales Index -1.8% to.. Posted: US DATA: Sept NAR Pending Home Sales Index -1.8% to 80.9 vs an upwardly revised 82.4 in Aug. Reflects contracts and not closings, but pent-up demand might eventually raise the index, NAR says. The PHSI in the Northeast slipped 1.7 percent to 59.6 in September and is 28.3 percent below ... |
Analysis: Ireland 4-Yr Plan Rests On Optimistic Growth F’cast Posted: BRUSSELS (MNI) - Ireland's plan to push through spending cuts and tax hikes amounting to 9% of its GDP over the next four years is ambitious and based on overly optimistic growth assumptions, economists said. Ireland's government said on Thursday ... |
All quiet on the FX front Posted: Can someone please shout loudly outside Jamie's hotel room and wake him up! Nothing much going on in the market and it looks like it should be a quiet wind down now for the remainder of the session. |
US CBO Estimates $140B Oct Deficit; -$37B Vs Yr Ago Posted: --Federal Budget Deficit $1.3T For FY'2010, -$122b Vs FY'2009 WASHINGTON (MNI) - The following are excerpts from the U.S. Congressional Budget Office's November Budget Review with it's estimate for last month's deficit. The U.S. Treasury Department is scheduled to release its monthly statement November 10: ... |
USD unable to maintain gains Posted: The USD has slipped back against the EUR and the JPY and is now trading around mid-range on the day. The market is not willing to get bullish USD for very long. There is potential risk looming over the weekend from European Sovereign debt issues, developing worries surrounding West LB and ... |
Obama: Open To Any Ideas To Speed Up Recovery, Job Creation Posted: By Brai Odion-Esene WASHINGTON (MNI) - Even though 151,000 jobs were added to non-farm payrolls in October, the unemployment rate in the United States is still at a stubborn 9.6%, and President Obama Friday declared his openness to any ideas -- regardless of the source -- ... |
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