Warren blasts Yellen for endorsing very white, very male regional Fed presidents

June 21, 2016

  Around this time last year, as another white male took the reins at the Federal Reserve Bank of Philadelphia, the Fed’s archaic and opaque system of choosing its regional presidents started to come under fire. At first the criticism was over the way the system appeared to favor insiders. Patrick Harker, at the time the new Philadelphia Fed President, had sat on the regional Fed board that was tasked with filling that position. Later that summer the Dallas Fed would name Robert Kaplan, who is also white, as its president despite the fact that he was a director at the executive search firm that that regional Fed board hired to find candidates. When the Minneapolis Fed named Neel Kashkari its president later in 2015, groups like the Fed Up Coalition pointed out that while he was the only non-white regional president, he, like Harker and Kaplan, had former ties to Goldman Sachs.

Why Britons will still probably vote to remain in Europe

June 17, 2016
Neighbours Tony (L) and Frank pose for cameras after hanging rival EU referendum banners from their balconies in north London, May 25, 2016. REUTERS/Neil Hall - RTSFUUU

Neighbours Tony (L) and Frank pose for cameras after hanging rival EU referendum banners from their balconies in north London, May 25, 2016. REUTERS/Neil Hall

Apart from hiring, a lot of U.S. economic data still flashing green

June 7, 2016

Federal Reserve Chair Janet Yellen may still be hedging her bets on when interest rates will rise next, but with the one notable exception of weak hiring in May, many of the economic data in recent weeks suggest the next hike could still come sooner rather than later.

Negative talk about whether negative rates really work on the rise

May 31, 2016

Mario Draghi, President of the European Central Bank (ECB), addresses the media during the ECB's monthly news conference in Frankfurt, September 4, 2014. The ECB cut interest rates to a fresh record low on Thursday and launched a new scheme to push money into the flagging euro zone economy. In a series of measures underscoring growing concern about the currency bloc's health, the ECB cut its main refinancing rate to 0.05 percent from 0.15 percent previously and drove the overnight deposit rate deeper into negative territory, now charging banks 0.20 percent to park funds with it. REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS HEADSHOT) - RTR44XMB

Negative interest rates as a monetary policy tool will probably be around a while yet, but a backlash questioning their long-run benefits for Europe and just how low they can go before they do real harm appears to be growing.

Breakout for the U.S. housing market?

May 27, 2016

When steering through an economic recovery that has been defined by fits and starts and lackluster performance, what everyone searches for are clear signs of a break from that trend.

Worries abound about future recession Made in Japan

May 20, 2016

A woman looks at items at a discount drug store at a shopping district in Tokyo March 26, 2015. Japan's annual core consumer inflation ground to a halt in February when excluding the effect of last year's tax hike, the first time it has stopped rising in nearly two years, keeping the central bank under pressure to expand monetary stimulus further. Picture taken March 26, 2015. REUTERS/Yuya Shino  - RTR4V28D

Asia’s second-largest economy may have expanded a lot quicker than expected in the first three months of the year, but past experience suggests an economic contraction isn’t far off if Prime Minister Shinzo Abe moves ahead with a second sales tax hike in April 2017.

China growth outlook turning for the better, but on more of the same — Fathom Consulting

May 10, 2016

A farmer walks through a field near a replica of the Eiffel Tower at the Tianducheng development in Hangzhou, Zhejiang Province August 1, 2013. Tianducheng, developed by Zhejiang Guangsha Co. Ltd., started constructing in 2007 and was known as a knockoff of Paris with a scaled-replica of the Eiffel Tower, standing 108 metres, and Parisian houses. Although designed to accommodate at least ten thousand people, Tianducheng remains sparsely populated and is now considered as a "ghost town", according to local media. REUTERS/Aly Song (CHINA - Tags: SOCIETY ENVIRONMENT BUSINESS REAL ESTATE TPX IMAGES OF THE DAY) - RTX1275Z

China’s growth outlook has turned ever so slightly for the better, according to one of the more pessimistic independent forecasters of the world’s second largest economy up until now, but because they think Beijing is about to do a lot more of the same.

U.S. job market at a crossroads?

May 5, 2016

A pigeon flies over Times Square in New York City November 15, 2006. Plagued by dirt and noise, a recruitment center shared by several branches of the U.S. armed forces has installed a sound system in New York's neon-bedecked "Crossroads of the World" intended to scare off the winged marauders by playing the sounds of predatory birds.   REUTERS/Lucas Jackson    ( UNITED STATES) - RTR1JDDH

The U.S. job market seems to be at a crossroads: just as wage inflation starts to show flickers of life, hiring growth appears to have lost a bit of momentum.

British first quarter growth probably not as bad as reported

April 27, 2016

A man walks up steps in the City of LondonBritish economic growth slowed to 0.4 percent at the start of the year, a preliminary release showed as expected on Wednesday, but the real picture may well be better.

U.S. Q1 GDP could be even more disappointing than recent years

April 26, 2016

U.S. Federal Reserve Board Chair Janet Yellen testifies at the House Financial Services Committee in Washington February 10, 2016. REUTERS/Gary Cameron - RTX26D37

U.S. first quarter economic growth, if there is any, is set to be disappointing once again, with private forecasters providing the most pessimistic first-take view for the start to the year since the recovery from financial crisis began.