By G+ Author: Elizabeth Steinfeldt. Federal Reserve Chairman Ben Bernanke’s announcement in regards to foreseeable economic stimuli drove U.S stocks to an upward rally yesterday. More specifically, the S&P 500 rose 0.4 percent to 1,682.15 at 12:21pm, in New York yesterday. The Dow Industrial Average soared 23.80 points to reach 15,475.65 today. As Stephen Wood, […]
A post on deflation in Sweden (which its central bank does not want) got me to thinking about inflation targeting once again. Sweden’s central bank, the Riksbank, has an inflation target of “2 per cent as measured by CPI.” Bernanke has a similar target, as do many central banks. The first major problem with inflation […]
Chinese inflation data for February is out at 8:30 p.m. ET. Analysts polled by Bloomberg are looking for consumer prices to rise 3 percent on the year, compared with 2 percent the previous month. The reason this data is important is because consensus reflects a rising inflation trend, one that policymakers are always watching closely. […]