Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
“A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the FOMC said today.
Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
Emerging Market Shakeout Putting Forex Reserves Into Focus
Foreign-exchange reserves are emerging as the latest battleground between traders and developing nations trying to stem the worst rout in their currencies since 2008.
Birinyi’s Bull-Market Picks
Now that the Dow has hit a record high, people are starting to realize it's a bull market, the Birinyi Associates president says.
Eurozone Economic Sentiment Lowest in 3 Years
German unemployment worse than expected, Spain continues to contract.
El-Erian: Europe Finally ‘Gets’ Severity of Debt Crisis
Policymakers in Europe 'finally' understand the severity of the region’s sovereign-debt crisis and the actions that need to be taken, Pacific Investment Management Co.’s Mohamed El-Erian told Bloomberg Radio Tuesday.
PIMCO’s Gross Warns Fed’s ‘Helicopter Ben’ on Lending
PIMCO Chairman Bill Gross warned that the Fed’s ‘showering of money’ on the economy to combat deflation may end up harming long-term lending.
PIMCO’s Gross: ‘Almost Suicidal’ to Focus on Debt Instead of Growth
Governments should be focusing on creating growth rather than reducing debt, PIMCO’s Bill Gross said Friday. “To [focus on reducing debt] right now is almost suicidal,” he said in an interview on Bloomberg Radio.