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Inflation

The Fed Turns Gloomier on the Supply Side

Fed Chairwoman Janet Yellen on Wednesday.
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The Fed has revised down its growth outlook so often that it seems hardly noteworthy it did so ag


Source: http://blogs.wsj.com/economics/2015/03/19/the-fed-turns-gloomier-on-the-supply-side/?mod=WSJBlog

BOE Official Sees Possibility of Rate Cut

A top official at the Bank of England said Thursday the central bank may need to cut interest rates to steer annual inflation back to its 2% target. European Pressphoto Agency

 
 


Source: http://blogs.wsj.com/economics/2015/03/19/boe-official-sees-possibility-of-rate-cut/?mod=WSJBlog

The Fed Doesn’t Think the U.S. Economy Is at Full Employment, After All

Full employment in the U.S. isn’t here quite yet, according to the latest Federal Reserve economic projections.
Back in December, Fed policy makers pegged the economy’s normal longer-run unemployment rate somewhere between 5.2% and 5.5%. But in updated projections released on Wednesday, they lowered their estimate of the longer-run jobless rate to a range between 5% and 5.2%.


Source: http://blogs.wsj.com/economics/2015/03/18/the-fed-doesnt-think-the-u-s-economy-is-at-full-employment-after-all/?mod=WSJBlog

Economists React to the Fed’s March Statement: ‘No Longer Patient, But Definitely Not Impatient, Yet’

The Federal Reserve dropped a pledge to remain “patient” before starting to raise interest rates, but trimmed its outlook for growth, inflation and unemployment. Here’s how some economists reacted to the statement and Chairwoman Janet Yellen’s press conference.


Source: http://blogs.wsj.com/economics/2015/03/18/economists-react-to-the-feds-march-statement-no-longer-patient-but-definitely-not-impatient-yet/?mod=WSJBlog

Janet Yellen Says Strong Dollar Holding Down Exports and Inflation, But Reflects U.S. Economy’s Strength

A stronger U.S. dollar reflects the strength of the U.S. economy, but also is weighing down on the nation’s exports and inflation, Federal Reserve Chairwoman Janet Yellen said on Wednesday.
“Export growth has weakened. Probably the strong dollar is one reason for that,” Ms. Yellen said at a news conference in Washington. “On the other hand, the strength of the dollar also in part reflects the strength of the U.S. economy.”


Source: http://blogs.wsj.com/economics/2015/03/18/yellen-says-strong-dollar-holding-down-exports-and-inflation-but-reflects-u-s-economys-strength/?mod=WSJBlog

Fed Officials Trim Back Estimates Of Interest Rate Rises Amid Big Forecast Changes

Federal Reserve officials expect the path of future interest rate increases to be less aggressive compared to their projections from the end of last year, according to updated forecasts released Wednesday.
The policymakers also weighed in on their expectations for the economy over the next few years. They cut their outlook for growth. On the jobs front, central bankers see bigger declines in the jobless rate, and project inflation to be weaker. They also believe the jobless rate can fall to a lower level without sparking price pressures.


Source: http://blogs.wsj.com/economics/2015/03/18/fed-officials-trim-back-estimates-of-interest-rate-rises-amid-big-forecast-changes/?mod=WSJBlog

Parsing the Fed: How the Statement Changed

The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take. Much of the statement remains the same from meeting to meeting. Fed watchers closely parse changes between statements to see how the Fed’s views are evolving.


Source: http://blogs.wsj.com/economics/2015/03/18/parsing-the-fed-how-the-statement-changed-45/?mod=WSJBlog

The Fed Is Still A Chaperone, Worrying About A Different Punch Bowl

Ever since William McChesney Martin popularized the “punch bowl” metaphor to explain monetary policy six decades ago, it has been a staple of Federal Reserve tightening cycles. The central bank “is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up,” the Fed chairman said in 1955, citing an unidentified writer for the line.


Source: http://blogs.wsj.com/economics/2015/03/18/the-fed-is-still-a-chaperone-worrying-about-a-different-punch-bowl/?mod=WSJBlog

Recap: Fed Decision and Janet Yellen’s Press Conference

Federal Reserve Bank Chairwoman Janet Yellen arrives for a news conference after a meeting of the Federal Open Market Committee at the Fed headquarters in Washington on Wednesday.

Source: http://blogs.wsj.com/economics/2015/03/18/live-blog-fed-decision-and-janet-yellens-press-conference-2/?mod=marketbeat
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