From NY Fed President William Dudley: The Economic Outlook and the Fed’s Balance Sheet: The Issue of “How” versus “When” Dudley discussed his economic outlook, and how the Fed will exit from the current policy stance. Dudley doesn’t think the Fed’s policy stance will change any time soon. Here are…
What if I wrote that U.S. payroll employment increased by 383 thousand jobs in May 2009 following an increase of 259 thousand jobs in April 2009? Some readers would suspect CR had been captured by aliens or had visited crazytown. But, in fact, those numbers are exactly what the BLS…
From David Streitfeld at the NY Times: Recovery Signs in Housing Market Stir Some Hope After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilizing prices, generating hope that the real estate market is beginning to recover. From Peter Hong…
From San Francisco Fed President Janet Yellen: Outlook for the U.S. Economy and Community Banks . A few excerpts: [T]he normal dynamics of the business cycle are turning more favorable. Some sectors are poised to rebound simply because they have sunk so low.
Read more here – Fed’s Yellen: Outlook…
From The New York Times : LAST week Ben Bernanke appeared before Congress, setting off a discussion over whether the president should reappoint him as chairman of the Federal Reserve when his term ends next January. Mr. Bernanke deserves to be reappointed. Both the conventional and unconventional decisions made…
6/26/09 – CNN – Fareed Zakaria’s GPS Program on CNN: Recession’s End Near? ( Click here for Video ) CNN – Are we done with the recession? An Economist, a historian, and a billionaire argue what is to come.
Read more here – My Interview (with Ferguson and Zuckerman)…
The House Appropriations Committee approved an extension of the $729,750 loan limits through September 2010 for mortgage buyers Fannie Mae and Freddie Mac and for mortgage insurer the Federal Housing Administration, reports National Mortgage News. The larger limit, up from $417,000 for Fannie and Freddie, will expire at the…
From Atlanta Fed President Dennis Lockhart: On the Economic Outlook and the Commitment to Price Stability . Here is Lockhart’s economic outlook: Often a deep recession is followed by a sharp rebound in business and overall economic activity. Unfortunately, as I look ahead, I do not foresee this trajectory. I…
From Dow Jones: Moody’s: Commercial Real-Estate Prices Fall 7.6% In May Commercial real-estate prices fell 7.6% in May … The indexes are down 29% from a year ago and 35% from their October 2007 peak. According to Moody’s, CRE prices fell in 8.6% in April (about 16% in two months).…
From the Conference Board : The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 0.7 percent, The Conference Board Coincident Economic Index™ (CEI) decreased 0.2 percent … The Conference Board LEI for the U.S. has risen for three consecutive months now …
Read more here – Conference Board…