Financial markets may hate uncertainty, but it appears they are going to have to learn to live with it. The current economic picture is extremely fuzzy, and is likely to stay that way. This situation poses a tough challenge for policy-makers, analysts and investors.In general, economic cycles are well understood and reasonably predictable. But the […]
House prices in advanced economies will face a more difficult environment in the next 40 years
Slower government revenue growth to hamper pace of deficit reduction
Latin America and Asia Pacific region will lead growth
Cooper calls for corporate tax cuts and federal assistance to local governments
Beige book shows greatest weakness in real estate, construction
Disruption in global demand, strong loonie, and weak U.S. economic recovery pose risks
Private demand around the world may not be strong enough to sustain the recovery.
Fed’s ability to aggressively deal with further economic shocks is beginning to run thin
Pace of consumer spending to slow