Jul 15
Speaking to the Senate Banking Committee as part of the Humphrey-
Hawkins testimony, Treasury Secretary Henry Paulson said
government-sponsored enterprises (GSEs) need a strong regulator.
Jul 15
Brian Bethune, chief U.S. financial economist at Global Insight,
said “Bold, creative, aggressive policy action is needed
for the GSEs to survive in their current capacity as private entities,
and it is needed now.”
Jul 15
The Bank of Canada’s rate decision and semi-annual testimony from Fed
Chairman Ben Bernanke are the main events of what is
looking to be an action-packed Tuesday. Markets will also be treated to
the Canadian new motor vehicle sales, U.S. PPI and the
Empire Fed’s manufacturing index.
Jul 15
A hawkish testimony and mostly unchanged rhetoric are expected from
Fed Chairman Ben Bernanke on Tuesday, as the head of the
U.S. central bank delivers the first of a two-day semiannual testimony to
congress.
Jul 15
The U.S. Labor Department’s seasonally-adjusted core measure
of producer price inflation grew at 0.2% month-over-month in
June, the same pace as the previous month, while the headline measure
moved up by 1.8%, four-tenths higher than consensus.
Jul 15
Economists say the main story in June’s producer price index is that
core prices, which exclude food and energy, remain contained
despite soaring costs from energy driving up the headline index.
Jul 15
Appearing before the Senate Banking Committee at the
semiannual Humphrey-Hawkins testimony on Tuesday,
Federal Reserve Chairman Ben Bernanke said the economy is facing numerous
difficulties.
Jul 15
In a question and answer session with the Senate Banking Committee at
the Humphrey-Hawkins testimony, Federal Reserve Chairman Ben Bernanke
said the central issue in the U.S. economy is the
housing market.