Written by Bigger, as the Federal Reserve may soon discover, is not always better. READ MORE »
Posts tagged US Economy
China’s Posts Trade Surplus of $20 Billion in August
A surprisingly large surge in imports reduced China’s trade surplus in August, government data showed on Friday, but at just above $20 billion the surplus was still high enough to remain as a bone of contention in relations with the United States, which has argued that China has an unfair trade advantage because of a weak renminbi.
In June, China promised to allow more flexibility in the exchange rate with the U.S. dollar, but the rise in the renminbi so far has been minimal. READ MORE »
US Stocks Move Between Gains And Losses As Uncertainty Weighs
U.S. stocks were oscillating between slight gains and losses Tuesday as investors tried to decipher competing data on positive U.S. retail sales and possible weakness in Europe’s biggest economy. READ MORE »
PRECIOUS METALS: Gold Hits Record Above $1,280 Ahead Of FOMC
Gold futures Monday settled at their third consecutive record high on speculation about further stimulative U.S. government action ahead of Tuesday’s meeting of the Federal Reserve’s rate-setting committee. READ MORE »
Bernanke Says Economy Recovering More Slowly Than Policy Makers Would Like
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is recovering at a slower pace than policy makers want even as the central bank’s more than $1 trillion in bond purchases have reduced interest rates. READ MORE »