There have been numerous instances in the past few years of the federal government stepping it, using the theory of “too big to fail.”
The FOMC review indicated that economic growth slowed early this year, in part because of the cold and snowy winter weather.
The chief advantage of investing in municipal bonds (VRD) is that the interest income on most of them is exempt from federal income taxes and often state and local taxes as well.
TJX’s comparable sales for the 13-week fourth quarter 2014 has increased by 3%, marking a straight twentieth week of positive same-store sales in a row.
In this article, we’ll discuss what Plosser said with regard to market discipline and how transparency relates to market discipline.
Although the BABs program expired on December 31, 2010, the government plans on permanently reinstating it, as this has proven popular with issuers and institutional investors alike.
The underlying momentum in retail sales has grown at 1.5% yearly in the ICSC-Goldman Sachs (GS) Yearly Index and 2.7% yearly in the Redbook Index during March 2014.
Bank of America (BAC), Citigroup (C), JP Morgan (JPM), and Germany’s Deutsche Bank (DB) have all availed of short-term financing through the Fed’s discount window at the height of the financial crisis.
Kocherlakota concluded that the FOMC is underperforming with respect to its goal of promoting maximum employment.
Variable-rate demand obligations (or VRDOs) are long-term, tax-exempt, floating-rate bonds whose interest rates generally reset on a daily, weekly, or monthly basis.
Wal-Mart Stores is not included in the retail sample for the Redbook Index, while ICSC-Goldman Sachs Index provides analysis with and without WMT data. This is one of the reasons why ICSC-Goldman Sachs Index is the preferred index.
On April 8, 2014, the Federal Deposit Insurance Agency (or FDIC), the U.S. Federal Reserve, and the Office of the Comptroller of the Currency approved a portion of Basel III rules.
To estimate the unemployment rate, the Census Bureau asks people two questions: Are you working? And, if not, have you looked for work in the past four weeks?
According to the American Society of Civil Engineers, the U.S. would have to spend ~$3.6 by 2020 to make needed infrastructure improvements.
The weekly snapshot of retail sales compiled by the ICSC-Goldman Sachs and the Redbook Indices indicated that consumer spending was moderate throughout for the first week of April.
Even though both financial markets and regulations are becoming increasingly complex, markets can often evolve faster than the regulations.
Kocherlakota argued in front of his audience that the low inflation rate is a signal that the FOMC is underperforming with respect to its maximum employment objective.
Municipal bonds can be categorized into two major types depending on how the issuer plans to fund interest payments and principal repaymentsƒdue
The U.S. store traffic plunged by 13.4%, for the month ended March 31, 2014, marking a ninth consecutive monthly decline.
Financial intermediation can result in concentration of risks that increase the fragility of the financial system. These risks are referred to as systemic risks.