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Measuring Inflation Forecast Uncertainty

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from the Cleveland Fed

The federal funds target range has been zero to one-quarter percent since late 2008. But a number of signs suggest that change may be drawing near. In their projections made for the March 2015 meeting, all but two Federal Open Market Committee (FOMC) participants believed that it would be appropriate to increase the federal funds rate target range in 2015. In their post-meeting statement, the Committee anticipated that "it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term."

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 more WWRT

What We Read Today 27 March 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Solar Eclipse: 'Breathtaking' Views Witnessed By Millions

Millions of people across the UK and northern Europe have been witnessing a solar eclipse.The last time it happened was in 1999, but at that time a total eclipse of the sun was not visible anywhere in the UK. The proportion of the sun covered by the moon was 97% in the far north of Scotland - and 84% in London.







Infographic Of The Day: A Guide To Spanish Tapas

We all love to tuck into the varying and delicious tapas meal, but have you ever considered where these dishes come from in Spain?

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Video of the Day:

Millions of people across the UK and northern Europe have been witnessing a solar eclipse.The last time it happened was in 1999, but at that time a total eclipse of the sun was not visible anywhere in the UK. The proportion of the sun covered by the moon was 97% in the far north of Scotland - and 84% in London.


video of day picture





FOREX NEWS by DailyForex

Asian Stocks Mixed on Middle East Fears

Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded.

Japanese Inflation Stutters

It may be counter-intuitive to consumers, but economists and central bankers believe that a little inflation in an economy is a good thing.

Eurozone Business Output Improves

The latest Markit composite Purchasing Managers’ Index (PMI) for the Eurozone suggests that business output in the 19 member bloc is growing at its fastest rate for almost four years.

Safe Haven Appeal Grows on Yemen Tension

A growing crisis in Yemen has fueled concerns that the Middle East is on the verge of becoming a powder keg for geopolitical tensions which has sent investors rushing to safe haven currencies like the Japanese Yen and the Swiss Franc.

Air Strikes in Yemen Lift Oil Prices

Brent crude oil price surged $3 in Asian trading on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Asian importers, however, said they were not immediately worried about supply disruptions.
 more investing, markets, precious metals & forex

What Happens to the Stock Market if the U.S. Follows the World into Recession?



 more opinion

Why Everyone's Joining the Asian Infrastructure Investment Bank

by Professor Yu Xiong, The Conversation

China"s leadership of a new global financial institution, the Asian Infrastructure Investment Bank (AIIB) is proving divisive. This month has seen a number of European countries apply to be founding members, including the UK, France and Germany, to the chagrin of the US. Now, however, the US is proposing that the bank work in a partnership with the development institutions where it takes the lead, such as the World Bank and Asian Development Bank.

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 USA economy at a glance (boxed items are updates in last 7 days)

February 2015: Consumers Report a Higher Likelihood of Applying for Credit

from the New York Fed

The Federal Reserve Bank of New York today released results from its February 2015 SCE Credit Access Survey, which provides information on consumers" experiences and expectations regarding credit demand and credit access. The release shows little change in application rates for credit over the last twelve months, but a decline in rejection rates, particularly for credit card limit increases. The expectations component of the survey shows an increase in the average likelihood of applying for credit over the next 12 months for all five credit products; the increase is most pronounced for mortgage refinance requests.

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