Fed’s Evans Calls for Stimulus to Cut Unemployment to 7.5 Percent
By Vivien Lou Chen, Bloomberg
Federal Reserve Bank of Chicago President Charles Evans said the central bank should move “aggressively” to reduce unemployment, even at the cost of temporarily pushing inflation higher.
http://jlne.ws/nPaoQu
Bernanke Takes On a Balancing Act
By JON HILSENRATH, WSJ.com
The recent slew of bad economic news has raised expectations in financial markets that the Federal Reserve will take new actions to spur growth and hiring. For Fed Chairman Ben Bernanke this poses two challenges: Figure out what to do and forge a consensus in a divided policy-making committee.
http://jlne.ws/o3GNXO
Greece's Bond Swap Awaits EFSF Approval
By ALKMAN GRANITSAS, WSJ.com
ATHENS—A proposed bond exchange program between Greece and its private-sector creditors is expected to take place sometime in October, but must first await approval by national parliaments granting new powers to Europe's temporary bailout fund.
http://jlne.ws/nVLnqN
Obama to play small-ball, constrained by gridlock
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — Viewers hoping for Hail-Mary passes and all-out blitzes to battle the renewed economic slowdown should be advised to stay tuned to the NFL game that follows President Barack Obama’s speech Thursday night.
“I don’t believe we are going to be slack-jawed by the speech,” said Larry Sabato, director of the Center of Politics at the University of Virginia.
http://jlne.ws/p9lgdl
Swiss Open New Round in Currency War
By Simon Kennedy and Emma Charlton, Bloomberg
Switzerland opened a new round in a global currency war as fading economic growth forces policy makers to step up efforts to spur expansion.
http://jlne.ws/qG3vuE
S&P Met Bond Firms Before Downgrade
Some Investors Got the Impression U.S. Downgrade Was More Likely Than Not
By MATT PHILLIPS And JEAN EAGLESHAM, WSJ.com
Standard & Poor's Corp. officials held private meetings with large bond investors weeks before the firm's historic U.S. debt downgrade, leaving some believing the chance of a credit-rating cut was higher than they previously thought.
http://jlne.ws/pnY4KZ
Heard on the Street: Governments Should Beware Bond-Market Sirens
By SIMON NIXON, WSJ.com
Markets are fickle things. Until recently, everyone seemed to be a bond vigilante. Now, it's not so clear. Following a few weeks of deteriorating economic data, there have been warnings from Christine Lagarde, the new boss of the International Monetary Fund, and a growing band of economists that the current obsession with austerity risks going too far.
http://jlne.ws/oB5imZ
Analysis: Behind Brazil's surprise rate cut: ugly numbers
By Isabel Versiani and Brian Winter, Reuters
BRASILIA/SAO PAULO (Reuters) - Among the legions of Brazil-watchers who were caught off guard by last week's 50 basis point interest rate cut, count President Dilma Rousseff.
http://jlne.ws/pxb7D9
EURO GOVT-Bunds slump as shares rebound, Italian vote eyed
By Ana Nicolaci da Costa, Reuters
LONDON, Sept 7 (Reuters) - German government bonds slumped on Wednesday, as equity markets rebounded, with investors finding some relief from a court ruling that allows Germany to keep helping euro zone weaklings and from the prospect of austerity measures in Italy.
http://jlne.ws/oVW3sU
Federal Reserve Board Governor Elizabeth Duke Gives Speech on Housing Recovery
World Property Channel
At the Federal Reserve Board Policy Forum on September 1, 2011, Federal Reserve Board Governor Elizabeth Duke gave a speech titled; The Housing Market Going Forward: Lessons Learned from the Recent Crisis.
http://jlne.ws/p1skUh
Euro volatility to remain high in September: Reuters poll
BANGALORE (Reuters) - The euro will again be the most volatile major currency in September, affected by persistent debt troubles in peripheral euro zone members and anticipated further monetary easing from the Federal Reserve, a Reuters poll found.
http://jlne.ws/pB4S3m
Bond yields edge up tailing US peers, oil rise
The Economic Times
MUMBAI: Indian federal bond yields rose on Wednesday tracking its US counterparts in Asian trade and higher global crude oil prices and as traders trimmed positions ahead of an $2.4 billion debt sale on Friday.
http://jlne.ws/pn6Gl2
Sweden Leaves Rates on Hold
By CHARLES DUXBURY, WSJ.com
STOCKHOLM—Sweden's central bank Wednesday left its key interest rate unchanged and lowered its forecasts for the rate in coming years as it responded to worsening prospects for global growth. http://jlne.ws/qyz6U3
Nigeria May Raise Key Interest Rate if Inflation Fails to Stay Below 10%
By Fion Li and Chris Kay, Bloomberg
Nigeria’s central bank Governor Lamido Sanusi said policy makers are ready to keep raising interest rates if inflation fails to remain below 10 percent.
http://jlne.ws/rreHoi
Bank of Canada backs away from rate hike option
By Louise Egan and Randall Palmer, Reuters
OTTAWA, Sept 7 (Reuters) - In a dramatic policy shift, the Bank of Canada said on Wednesday it saw less need to raise interest rates, becoming the latest major central bank to take a more cautious stance about the worsening global economy.
http://jlne.ws/nCzXrH
Mortgage applications drop behind sputtering refinancing
The Hill's On The Money
Mortgage applications decreased 4.9 percent from a week earlier as refinancing dropped for the third straight week despite record-low interest rates.
http://jlne.ws/oZUzOO
TREASURIES-Profit-taking lifts yields off 60-year lows
By Chris Reese
NEW YORK, Sept 7 (Reuters) - U.S. Treasury debt prices fell on Wednesday as traders booked profits from a recent rally and as stock futures pointed to a higher open on Wall Street, undermining the safe-haven value of U.S. government debt.
http://jlne.ws/odAleT
RATE FUTURES REPORT: Market Sees Fed Cutting Long-Term Rates
By Howard Packowitz
CHICAGO (Dow Jones)--Friday's troubling employment data provided the impetus Tuesday for traders of U.S. interest rate futures to anticipate a flatter yield curve, meaning long-term yields are expected to fall and short-term rates likely to remain at very low levels.
http://jlne.ws/nlFIXD
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