A group of hackers who targeted cheating site Ashley Madison published over 10 gigabytes of stolen data, exposing millions of users and putting the company at risk. Laurie Segall explains who's behind the attack and what's next for Ashley Madison.
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from the San Francisco Fed
-- this post authored by Glenn D. Rudebusch, Daniel J. Wilson, and Benjamin Pyle
Much recent discussion has suggested that the official real GDP data are inadequately adjusted for recurring seasonal fluctuations. A similar pattern of insufficient seasonal adjustment also affects the published data for a key measure of price inflation. Still, such residual seasonality in the published output and inflation statistics is unlikely to mislead Federal Reserve policymakers or adversely affect the setting of monetary policy.
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Wearable technology is the future, with more and more of us choosing smart watches and fitness bands to track exercise, sleep patterns and every step we take.
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by Michael Haltman
Confused? The Fed raising interest rates in order to be able to cut them at some point in the future is the rationale I am hearing on the business news!
The reason is that if (when) the United States economy heads into another recession, the Fed will have ammunition available to be able to take proactive steps to address the problem (beyond QE4 of course)!
by Jeff Miller, A Dash of Insight
Dramatic events reset agendas. People re-evaluate probabilities about what is possible as well as the personal implications. Because the recent market story is so big and so fresh the week will start with the punditry asking:
What are the lessons from the market turmoil?
28Aug2015 Market Close: Small Caps Close Up Nicely, Large Caps Close Down Or Near The Unchanged Line
28Aug2015 Market Update: Markets Looking Weak Going Into The Afternoon Session As Oil Appears To Hav
28Aug2015 Pre-Market Commentary: Stock Future Indexes Sliding Off Yesterday's Closing Numbers, Oil O
Written by Steven Hansen
This leading index continues to be recalculated (what good is a leading index which continues to be recalculated?) - and continues to forecast stable but relatively weak growth for the remainder of the year. A review of all major leading indicators follows - and no leading index is particularily strong.