As Economy Slows, Fed May Be Shifting Monetary Policy
A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy as the economic recovery is weakening. The New York Times explains. Click here to read the full story
Read more..IMF, Spain Differ Over Pace of Economic Recovery
The IMF cautioned Spain on Friday that its deficit-reduction goals rely on overly optimistic economic forecasts and its budget picture will darken if the economy proves weaker than the government expects. Click here to read the full story
Read more..US Consumer Sentiment Sags to Lowest Since November
US consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began. Click here to read the full story
Read more..[$$] TreeHouse Foods, Boston Beer Fall (at The Wall Street Journal)
TreeHouse Foods, Boston Beer Fall Small-capitalization stocks edged down as weak guidance and high-profile earnings disappointments from utilities and consumer companies added to anxiety over the economic recovery. Click here to read the full story
Read more..Currencies: Dollar eases on Beige Book, durables data
The dollar softens, extending its loss versus the Japanese yen, after the Beige Book underscored the fragility of the U.S. economic recovery and durable-goods orders showed an unexpected June drop. Click here to read the full story
Read more..U.S. Markets Mixed as Consumer Confidence Falls (at New York Times)
Wall Street struggled Tuesday on reports that consumers had become more pessimistic about the job market and the overall economic recovery. Click here to read the full story
Read more..East Asian Economic Recovery Firmly on Track: ADB
East Asia’s economic upturn is firmly on track and extraordinary fiscal and monetary stimulus should be gradually withdrawn, including by allowing currencies to strengthen, the Asian Development Bank said on Tuesday. Click here to read the full story
Read more..Homebuilders losing confidence in the recovery
By ALAN ZIBEL 2010-07-19T16:39:33Z WASHINGTON (AP) — Homebuilders are feeling increasingly pessimistic about their industry, more evidence that the economic recovery is slowing…. Click here to read the full story
Read more..Wall Street rallies on profits
NEW YORK (Reuters) - Stocks rallied for a sixth straight day on Tuesday after Alcoa’s quarterly results heartened investors that had fled to the sidelines on jitters about the sustainability of the economic recovery. Click here to read the full story
Read more..NZ dollar eases slightly after big rise last week
The New Zealand dollar drifted slightly lower today after pushing up to its highest level in more than a week against major currencies during the weekend on hopes for a firmer global economic recovery.The NZ dollar was at US70.88c… Click here to read the full story
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