Bil Gross: ‘Zombies’ Roam Economy Thanks to Low Interest Rates
“Low interest rates are not the cure — they are part of the problem,” Gross writes in his latest outlook.
Fed’s Yellen: Rate Hike Not Likely Coming Soon
FOMC will consider a rate hike on a "meeting-by-meeting basis," Fed chairwoman Janet Yellen tells the Senate Banking Committee.
Yellen: Steady Fed Policy Could Shift With ‘Notable’ Economic Change
Fed Chief Janet Yellen said that while she expects continuity in Fed policy, pausing or increasing bond purchases was not out of the question.
In Surprise, Fed Says No QE Tapering
The Fed’s policymakers announced Wednesday that it will not start winding down its $85 billion bond program, awaiting better economic news.
Bernanke Signals Flexibility on Tapering
Fed Chairman Ben Bernanke told lawmakers Wednesday that if the economy falls short of expectations, the Fed could change its tapering plans and even “potentially increase purchases for a time.”
Upbeat Jobs Report Signals Quicker QE Tapering
With jobs growth averaging 200,000 a month this year, BlackRock’s Rieder, LPL’s Canally and more predict Fed tapering could begin as early as September.
Bernanke Sets Timeline for Fed to End Bond-Buying
Bernanke said the reductions would occur in "measured steps" and that the purchases could end by the middle of next year.
Bernanke Talks and 10-Year Treasury Yield Zooms Past 2%
Bernanke admits that savers who rely on interest income from savings accounts or government bonds are receiving very low returns even as low interest rates have helped create jobs and support home prices.
Fed Holds Rates, QE in Place as Congress Holds Budget Hostage
In its efforts to prop up the economy by keeping interest rates down, the Fed will keep buying $85 billion a month in Treasury and mortgage-backed securities.
Eurozone Economic Sentiment Lowest in 3 Years
German unemployment worse than expected, Spain continues to contract.