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By One Measure, Wages for Most U.S. Workers Peaked in 1972

Karen Bleier/AFP/Getty Images

By one measure, wages for most U.S. workers peaked more than four decades ago.

Source: http://blogs.wsj.com/economics/2015/04/17/by-one-measure-wages-for-most-u-s-workers-peaked-in-1972/?mod=WSJBlog

India’s Central Bank Chief Okay With Fed Move Toward Higher Rates

WASHINGTON–India’s central bank chief signaled Thursday he’s at peace with Federal Reserve rate increases when they arrive, despite past misgivings.
“I don’t think we expect the Fed to remain on hold forever,” Reserve Bank of India Governor Raghuram Rajan said as part of a panel discussion at the International Monetary Fund’s spring meetings in Washington. “At some point the Fed has to decide it’s appropriate and start moving. We have to adjust to that,” he said.

Source: http://blogs.wsj.com/economics/2015/04/16/indias-central-bank-chief-okay-with-fed-move-toward-higher-rates/?mod=WSJBlog

ECB’s Praet Says Eurozone Bond-Buying Program Will Continue

The European Central Bank‘s bond-buying program will likely continue at least until September 2016, as previously announced, ECB Chief Economist Peter Praet said Thursday.
In announcing a sizable asset-purchase program and a specific time frame for its implementation, “we are very strongly confident, unfortunately, that is what will be needed,” Mr. Praet said during a panel discussion in Washington. There are no discussions now about tapering bond purchases or a time to exit the program, he said.

Source: http://blogs.wsj.com/economics/2015/04/16/ecbs-praet-says-eurozone-bond-buying-program-will-continue/?mod=WSJBlog

Fed’s Rosengren: Conditions Not Yet Met to Support Rate Rises

Federal Reserve Bank of Boston President Eric Rosengren said he thinks current inflation and job market data don’t support moving short-term rates off of their near-zero levels.

Source: http://blogs.wsj.com/economics/2015/04/16/feds-rosengren-conditions-not-yet-met-to-support-rate-rises/?mod=WSJBlog

Rise in Eurozone Savings Rate Sounds Deflation Alarm

It’s all looking pretty encouraging for the European Central Bank.
The ECB’s quarterly bank lending survey released Tuesday showed that commercial banks are using the funds to make new loans, and that they will continue to do so. Separately, The European Union’s statistics agency said that production by factories, mines and utilities was 1.1% higher than in January, and 1.6% higher than in the same month a year earlier.

Source: http://blogs.wsj.com/economics/2015/04/14/rise-in-eurozone-savings-rate-sounds-deflation-alarm/?mod=WSJBlog
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