Economy
U.S. Consumer Spending Climbs a Fifth Straight Month as Recovery Quickens Consumer spending in the U.S. rose
in February for a fifth consecutive month, a rebound that will
require gains in employment to be sustained.
Europe Economic Confidence Jumps More Than Forecast to Highest Since 2008 European confidence in the economic
outlook improved to the highest in almost two years in March,
beating economists’ forecasts and signaling the recovery is
gathering strength as a weaker euro helps exporters.
Greece Will Offer Five Times Yield Spread of Spain to Lure Bond Investors Greece, the European Union’s most
indebted member, offered more than five times the yield premium
of comparable Spanish debt to lure investors to its first bond
sale since a bailout was agreed to for the nation.
China Names Three Economists to Central Bank's Monetary Policy Committee China’s government appointed three
economists to the central bank’s monetary policy committee,
expanding the potential input of academics as officials grapple
with averting asset-price bubbles.
Greece's Papandreou Faces $21 Billion Bond Burden After Winning EU Support Greek Prime Minister George
Papandreou, fresh from winning a European Union contingency aid
package last week, now has to prove he can keep his nation’s
finances afloat.
Goldman Sachs Capitulation on Dollar Leads Turnaround in Outlook for U.S. The strengthening U.S. economy,
subdued inflation and rising stock prices are propelling the
dollar rally into its fifth month as traders seek refuge from
Europe’s fiscal crisis and Japanese deflation.
Stanford's Taylor Says Fed May Increase Rates by Year-End as Economy Mends John Taylor, the Stanford
University economist who created a rule for guiding monetary
policy, said the Federal Reserve may need to raise its target
interest rate by the end of 2010 as the U.S. economy recovers.
German Inflation Accelerates in 6 States on Recovery, Surging Energy Costs Inflation accelerated in six German
states in March after a recovery of the global economy boosted
energy prices.
Kan May Meet Wen on First Visit to Beijing April 3-4, Deputy Minezaki Says Japanese Finance Minister Naoto Kan
will make his first visit to China as finance chief this weekend
to discuss economic issues including the status of the yuan,
Vice Finance Minister Naoki Minezaki said.
Finance Reform in Congress Lacking Cash Clause to Prevent Lehman-Like Runs In 2,615 pages of financial reform
legislation introduced in the U.S. Congress, there are no rules
to ensure that banks keep enough cash-like assets when credit
disappears.
Stanford's Taylor Says Fed May Increase Rates by Year-End as Economy Mends John Taylor, the Stanford
University economist who created a rule for guiding monetary
policy, said the Federal Reserve may need to raise its target
interest rate by the end of 2010 as the U.S. economy recovers.
Bernanke's Exit Strategy Will Give More Prominent Role to Fed Asset Sales Federal Reserve officials are
moving toward a consensus that asset sales will play a more
prominent role in their exit from the most expansive monetary
policy in the central bank’s history.
Fed's Sack Defends Securitization, Says Financial System Requires Leverage Brian Sack, head of the markets
group at the New York Fed, said the financial system can’t
operate well without leverage and signaled that he supports the
return of a “properly” structured securitization market.
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