Daily Data Flow
Fed FAQ
Janet Yellen’s nomination as Fed Chair offers an opportunity to remind us all that the Fed manipulates market expectations.
Yellen’s Nomination as Fed Chair Lifts U.S. Stocks
The S&P 500 finished up by 0.1% today, after two straight down days.
No Automatic Loans in Europe
Jens Weidmann, head of Germany’s Bundesbank and member of the Governing Council of the European Central Bank (ECB), does not believe the ECB immediately should offer long-term loans to European banks.
Default could Tank Treasury Bonds
Rather than people viewing Treasury bonds as a safe haven to guard against possible U.S. government default on the debt, investors may view these bonds as potentially dangerous.
Default, Shutdown Concerns Punish Stocks
Stocks fell today, sending the S&P 500 to its largest two-day decline since June amid fears that the current shutdown could lead to a government default.
Global Rush on U.S. Dollars
International bankers and foreign investors have an ongoing need for U.S. dollars, but cannot simply order them from the U.S. Treasury department in the way U.S. banks do.