6/25 FOMC Statement

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Recent information indicates that overall economic activity continues to expand, partly reflecting some firming in household spending. However, labor markets have softened further and financial markets remain under considerable stress. Tight credit conditions, the ongoing housing [...]

June 24th – What we’re reading

US consumer spending remains resilient Yielding to Corporate Bonds Home-Price Gains Are Erased Supreme Court news Senator mortgage scandal TSLF demand continues to fall TAF going strong

June 19th – What we’re reading

Global Central Bank Focus AT&T paying apple $325 – $425 subsidy for each iPhone 3G sold in USA FINVIZ.com – stock market portal Obama will not use public financing China raising energy prices