by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
The recent rise in wage inflation is being used to support the case for rate hikes - including by Fed Chairman Janet Yellen, who now sees these 'tentative signs of stronger wage growth' as a harbinger of inflation.
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.
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by Minneapolis Fed
The Affordable Care Act (hereafter, ACA), signed into law by President Barack Obama in March 2010, represents the most significant reform to the U.S. health insurance and health care markets since the establishment of Medicare in 1965. The health care reform in the U.S. was partly driven by two factors: first, a large fraction of the U.S. population does not have health insurance (close to 18% for 2009); second, the U.S. spends a much larger share of the national income on health care than the other OECD countries (health care accounts for about one sixth of the U.S. GDP in 2009). There are many provisions in the ACA whose implementation will be phased in over several years, and some of the most significant changes started taking effect from 2014.
Infographic Of The Day: Vehicle Maintenance To Improve Lifespan
Most of us are vehicle owners. However, we don't always have time to keep up with the required maintenance.
FOREX NEWS by DailyForex
This should be a more dramatic week for the Forex markets, due mainly to the Greek referendum on the proposed bailout deal that is taking place today. As the result becomes known it could rock the Euro and spill over into turbulence in other financial markets.
Today’s referendum in Greece could have repercussions across the globe. Or it might prove to be a tempest in a tea pot.
Appropriately enough, the etymology of the word “Chaos” stems from the Greek word “khaos” – meaning a vast void or chasm, originally.
Good news may be in store at the pump before the July 4th weekend as oil prices dropped on Friday amid reports that an oversupply of the crude remains on U.S. oil rigs.
A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.
by Alan Harvey, Institute for Dynamic Economic Analysis
The debate over Greece has an eerie resemblance to the debate over climate change. One side prefers apocalypse to changing its opinion, even in the face of evidence. In fact, as the evidence mounts, the denialists become only the more rigid.
by Jeff Miller, A Dash of Insight
In one sense, the week ahead should be a quiet, dull semi-vacation. As Nat King Cole explained, the Lazy-Hazy-Crazy days of summer - pretzels, beer, and bikinis that never got wet.
It is the lull before earnings and includes a light economic calendar. Will the A-Team need to return from the beach because of Greece? Or will it be a quiet week, disturbed only by an avalanche of FedSpeak and consequent punditry?
02Jul2015 Market Close: Markets Close In The Red, Bond Prices Up, WTI Oil Down, Have A Happy Weekend
Total Fed Balance Sheet:
Fed's Balance Sheet week ending balance sheet was $4,440 trillion..