FreshPips.com / User / odell / Submitted

Fed Can Be `Patient' on Rates as Oil Drop May Slow Inflation

posted by odell 1375 days ago in USD, Oil, Inflation made popular 1375 days ago

Federal Reserve Bank of Minneapolis President Gary Stern said an oil-price decline will probably push headline inflation lower, allowing the central bank to ``be patient'' in considering a change to the main interest rate.

Discuss

Foreign Purchases of U.S. Assets Increase at Slowest Pace

posted by odell 1379 days ago in USD

International buying of U.S. financial assets fell in June, posting the smallest gain in nine months, as investors sold stocks and demand weakened for corporate bonds.

1 Comment

Consumers Spend More on Gasoline Than U.S. Cars for 1st Time

posted by odell 1379 days ago in USD, Consumer

Consumers spent more on gasoline than vehicles and parts for the first time in 26 years in May and June, as U.S. pump prices headed for a record.

Discuss

Australian Banks Have `No Excuse' on Rates, Swan Says

posted by odell 1379 days ago in AUD, Inflation

Australian banks have no excuse to hold borrowing costs steady should the nation's central bank cut official interest rates this year, Treasurer Wayne Swan said.

Discuss

Housing Starts Probably Slumped in July: US Economy Preview

posted by odell 1379 days ago in USD, Housing

U.S. builders began work in July on the fewest houses in 17 years and the economic outlook dimmed, indicating the real-estate slump is at the epicenter of the growth slowdown, economists said before reports this week.

Discuss

Sluggish growth, inflation to persist: Fed's Evans

posted by odell 1379 days ago in USD, Special, GDP made popular 1379 days ago

Slow economic growth and elevated inflation will probably continue until 2010, Chicago Federal Reserve President Charles Evans said Friday.

Discuss

US consumer sentiment improves as oil falls

posted by odell 1379 days ago in USD, Oil, Consumer made popular 1379 days ago

US consumer sentiment improved this month to its highest level since April, a survey showed yesterday, as Americans were more optimistic about the future, including short-term inflation, even as they were gloomier about current conditions.

1 Comment

Surge for the dollar as global fears rise

posted by odell 1379 days ago in USD made popular 1379 days ago

The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities.

Discuss

Oil sinks as global economy slows

posted by odell 1379 days ago in Oil made popular 1379 days ago

Oil prices sank Friday as the dollar continued to climb and investors feared that weak economic growth would translate into lower crude demand worldwide.

Discuss

Why the buck stops here

posted by odell 1379 days ago in USD, Fundamental, Special made popular 1379 days ago

The dollar has had a nice run, but a soft economy is likely to cut the rally short.

Discuss

Dollar charges forward

posted by odell 1379 days ago in USD, EUR, JPY made popular 1379 days ago

Bad news for global economy is good news for the greenback. Dollar hits nearly 2-year high against British pound, gains vs. euro and yen.

Discuss

U.S. dollar likely to extend gains next week

posted by odell 1379 days ago in USD, EUR, JPY made popular 1379 days ago

U.S. dollar could gain further ground next week, underpinned by the view that other major economies are deteriorating while the United States, the first major casualty of the credit crisis, is showing signs of reviving.

Discuss