Fed Expected to Leave Rates Unchanged
The Federal Reserve will wind-up its two-day meeting later this afternoon and all evidence suggests that the Fed will leave interest rates at the current historic low. More
Eurozone Factory Output on the Decline
Hopes of a recovery by the eurozone countries were dashed somewhat as factory output for the region fell 3 percent between April and June after falling 7.5 percent in the first quarter. More
UK Unemployment Surpasses 2.4 Million
Unemployment in the UK increased by 220,000 in the three months ending in June, brining the total unemployment in Britain to 2,435,000. The unemployment rate now sits at 7.8 percent. More
Growing Optimism Pushed Demand for Better Bond Yields
As confidence grows that the global economy could soon be on the path to recovery, investors are demanding higher yields on long-term bonds to deal with the threat of inflation reducing the value of these investments.
“Yields are going to go higher as the economy stabilizes,†said Sean Simko, a survey participant who oversees $8 billion at SEI Investments Co. in Oaks, Pennsylvania. More
