Economy 12/26/2006
Economy
Japan's Inflation Rate Climbs, Unemployment Rate Falls to Eight-Year Low Japan's inflation rate rose last month and the jobless rate unexpectedly fell to an eight-year low, supporting the central bank's case that the lowest interest rates among major economies need to increase.
Berlin Real-Estate Market Turns Up as Foreign Investors Seize on Bargains Yngve Fredheim, a 60-year-old civil engineer from Norway, bought an apartment in Berlin's Prenzlauer Berg district last year for 300,000 euros ($385,000), or about 60 percent less than a comparable apartment back home in Oslo.
Bernanke, Trichet, Fukui May Fail King's `Boring' Test on Rates Next Year Bank of England Governor Mervyn King says interest rates should be so predictable that investors view policy-making as ``boring.'' On the evidence of economists' forecasts for 2007, the world's central bankers may fail his test.
Bank of Israel Raises 2007 Growth Estimate as Economy Rebounds From War The Bank of Israel raised its 2007 economic growth forecast to 4.6 percent, saying the economy wasn't as hurt by the July-August Lebanon War as initially estimated.
Japan's Government Targets Growth of 2% or Higher During Next Five Years Japan aims to achieve economic growth of 2 percent or higher during the next five years, the government said today in an outlook on the economy released in Tokyo.
Spain's November Producer Prices Are Unchanged on Decline in Energy Costs Producer prices in Spain, Europe's fifth-largest economy, were unchanged in November from the prior month as a decline in energy prices compensated for higher food and chemical costs.
Fed Watch
Fed's Fisher Says Rate Increase May Be Needed If Inflation Doesn't Ease Inflation is a greater risk to the economy than slower growth, and the Federal Reserve may need to raise interest rates if price increases don't subside, Federal Reserve Bank of Dallas President Richard Fisher said.
Fed Leaves Benchmark Rate at 5.25 Percent, Says `Inflation Risks Remain' The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent and suggested a softer growth outlook while continuing to note inflation risks.
Bernanke Builds Fed's Credibility on Inflation by Deflating His Own Office Ben S. Bernanke's greatest inflation victory to date may be in deflating the aura of power and influence surrounding his job.
Japan's Inflation Rate Climbs, Unemployment Rate Falls to Eight-Year Low Japan's inflation rate rose last month and the jobless rate unexpectedly fell to an eight-year low, supporting the central bank's case that the lowest interest rates among major economies need to increase.
Berlin Real-Estate Market Turns Up as Foreign Investors Seize on Bargains Yngve Fredheim, a 60-year-old civil engineer from Norway, bought an apartment in Berlin's Prenzlauer Berg district last year for 300,000 euros ($385,000), or about 60 percent less than a comparable apartment back home in Oslo.
Bernanke, Trichet, Fukui May Fail King's `Boring' Test on Rates Next Year Bank of England Governor Mervyn King says interest rates should be so predictable that investors view policy-making as ``boring.'' On the evidence of economists' forecasts for 2007, the world's central bankers may fail his test.
Bank of Israel Raises 2007 Growth Estimate as Economy Rebounds From War The Bank of Israel raised its 2007 economic growth forecast to 4.6 percent, saying the economy wasn't as hurt by the July-August Lebanon War as initially estimated.
Japan's Government Targets Growth of 2% or Higher During Next Five Years Japan aims to achieve economic growth of 2 percent or higher during the next five years, the government said today in an outlook on the economy released in Tokyo.
Spain's November Producer Prices Are Unchanged on Decline in Energy Costs Producer prices in Spain, Europe's fifth-largest economy, were unchanged in November from the prior month as a decline in energy prices compensated for higher food and chemical costs.
Fed Watch
Fed's Fisher Says Rate Increase May Be Needed If Inflation Doesn't Ease Inflation is a greater risk to the economy than slower growth, and the Federal Reserve may need to raise interest rates if price increases don't subside, Federal Reserve Bank of Dallas President Richard Fisher said.
Fed Leaves Benchmark Rate at 5.25 Percent, Says `Inflation Risks Remain' The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent and suggested a softer growth outlook while continuing to note inflation risks.
Bernanke Builds Fed's Credibility on Inflation by Deflating His Own Office Ben S. Bernanke's greatest inflation victory to date may be in deflating the aura of power and influence surrounding his job.
posted by alexsakne at 12:03 PM
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