Ahead this week: key readings on housing and a Harry Potter anniversary.
The Federal Reserve finds plenty of signs of a rebound from the winter slump.
While the Federal Reserve has given stress tests to the nation’s banks since the financial crisis, the Fed chair’s semi-annual testimony before both houses amounts to Congress’ own version of stress testing the nation’s top central banker. But in her first of two days of appearances on Capital Hill, Fed Chair Janet Yellen’s so-called Humphrey-Hawkins
The Fed chief will try not to make news before Congress this week, but good luck with that.
The Federal Reserve has added a bit more detail about how it plans to end some of the extraordinary measures put in place during and after the financial crisis. In minutes released from the mid-June policy-setting session, the nation’s central bank cautions that while asset purchases are “not on a preset course,” it envisions a
Every time the Federal Reserve thinks it’s kicking the economy, the football gets pulled away.
This week’s employment report may provide more clarity about hiring, pay and other issues.
Independence Day week has analysts hoping the economy will start giving off some heat.
With the Federal Reserve expected to begin raising short-term interest rates next year, outside observers say the central bank should soon begin holding news conferences after every regularly scheduled policy meeting. If the more frequent briefings don’t start this year, then they most certainly should early in 2015, the observers say. It was only three
This week’s focus will be on the so-so housing market, which has been holding back the economy.