Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Tackles Long-Term Rates to Spur Economy
By Joyce HansonThe Fed said it would buy $400 billion of longer-term U.S. Treasury securities to put downward pressure on longer-term interest rates and 'help make broader financial conditions more accommodative.'
September 21, 2011
Roubini: 8 Urgent Steps to Prevent Economic CollapseThe noted economist suggested eight actions that should be pursued to avoid not just a mild double-dip recession, but a Great Depression II.
September 21, 2011
Bank of England Mulls Return to QEThe Bank of England may return to quantitative easing (QE) at some point as a stuttering recovery may need assistance, according to the Monetary Policy Committee (MPC) notes released Wednesday.
September 21, 2011
Why You Should Care About the Greek CrisisGreek default fears are starting to infect Germany and its banks, which have significant holdings of Greek sovereign debt. And the infection is spreading to the U.S. because of close connections between U.S. and German banks.
September 20, 2011
IMF Downgrades U.S. Economic OutlookThe International Monetary Fund lowered its outlook for the U.S. in a report released Tuesday and said that the world economy has entered a "dangerous new phase."
September 20, 2011
In China, New Home Sales Are Up, Up, UpWhile U.S. homeowners are lamenting the continuing depression in real estate prices and slack sales in cities across the nation despite record-low mortgage rates, home prices in China are at record highs in all 70 cities.
September 20, 2011
4 Ways Fed Can Take Action: Stone & McCarthy ReportThe Fed this week will likely add further stimulus to the U.S. economy, say Stone & McCarthy Research Associates in a report that lays out the policymakers four options for taking action.
September 20, 2011
China Stops FX Swaps With Some European BanksBank of China and another Chinese bank have stopped interest rate swaps and foreign exchange trading with a number of foreign banks, reducing their exposure to the euro zone.