Raising U.S. inflation target won't help much now -researchers JACKSON HOLE, Wyo., Aug 29- The Federal Reserve could have cut short the Great Recession by a year if it had set a 4 percent inflation target in 1984, but raising the target now would probably do little to help the economy, researchers said on Saturday. Boston Fed President Eric Rosengren and Minneapolis Fed President Narayana Kocherlakota recently have floated...
Inflation impact of Fed rate hike a bigger issue outside U.S., study finds Aug 28- Any appreciation in the U.S. dollar in response to a Federal Reserve rate hike is unlikely to generate major disinflationary concerns in the United States but could create inflationary pressures in other countries, according to a paper presented to a global gathering of central bankers. In the United States, where the vast majority of imports are...
S&P will hit 2200: Pro What to keep an eye on in the markets, with Mary Ann Bartels, Merrill Lynch portfolio solutions, and CNBC contributor Mike Santoli.
Farm income seen falling 36% in 2015 According to USDA, net farm income is forecast to be $58.3 billion in 2015. That's far worse than the government's February outlook.
| By: Jeff Daniels
DC regulators reject proposed merger of Exelon, Pepco WASHINGTON- Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...
Source: The Associated Press
| By: By BEN NUCKOLS, Associated Press