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In a big understatement of Illinois’ problem, a Crain’s Chicago headline reads Illinois IOUs Growing Fast, Could Pass $8.5 Billion by Yearend .
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?
Continue reading here: Interest Rates and Bond Yields: Where are They Headed? September Hike Ideal? Is the Bond Bull Market…
Read the original: Beige Book Highlights: Will They or Won’t They? Still Undecided?
View original post here: Canada in Recession with Two Consecutive Quarters of Negative Growth
View post: Greece Loses 17,000 Jobs in July, Most Since 2001
With that hike, Chicago Now has America’s Highest Sales Tax . Chicago has long had a steep sales tax, but a vote by Cook County commissioners Wednesday night made the city’s rate the highest of any major city in the nation
Read the article: Survival of the Fittest Robot: A Mother Robot and the Evolution of Her Offspring
See the original post: Huge Shipping Delays for Toyota, Deere, Walmart, etc. in Wake of Tianjin Warehouse Explosion