The Federal Reserve considered using forward guidance that would include an economic threshold that would need to be crossed before rates would go up, according to the minutes of the last FOMC meeting. Read more
If you think Germany’s response to the crisis has been less than lightning swift so far…
JP Morgan’s Alex White argues that the German policy motor may be about to properly slow down, and with it the response to the eurozone crisis which usually moves at Germany’s speed: Read more
Capital Economics put out a cracker of a note on UK output this week. It’s taken us a while to get through it but we wanted to do it justice. Here’s the key extract:
‘Supply pessimists’ point to high inflation and growing employment as evidence of a small output gap. But inflation was pushed up by temporary factors and has eased recently, while domestically generated inflation has remained low.
Live markets commentary from FT.com
Romney leads presidential debate: Mitt Romney was widely viewed as more successful in the first US presidential debate of this campaign, in which he focused on weak growth and high unemployment. Many observers were confused by why Obama failed to mention Romney’s “47 per cent” gaff. Romney’s chances of being elected president rose to 32 per cent from 25 per cent on Intrade after the debate. Read more
Iran’s new rial-ity is biting hard.
From Bloomberg (with our emphasis):
“Most of my customers just look at products behind the window and pass,” said Behrouz Madani,
We are NOT making this up. We couldn’t.
Elsewhere on Thursday,
– Mitt Romney ‘absolutely destroyed‘ Obama in the presidential debate.
– Which sent futures surging.
– It seems that Romney’s policy vagueness is paying off. Read more
Romney basically won last night’s debate: Mitt Romney was widely viewed as more successful in the first US presidential debate of this campaign, in which he focused on weak growth and high unemployment. Two of Barack Obama’s top campaign advisers conceded that Romney won on style, even as they said the president won on substance. Read more