Today’s ugly data raises questions about strength of U.S. economy
Reuters (via Financial Post)
The U.S. economy showed worrisome signs as jobless claims rose sharply last week while ground-breaking at home construction sites tumbled in April and a gauge of underlying inflation pointed to weak demand.
*There is some good news buried amidst the bad news — SR
The Fed Is Failing On Both Parts Of Its Dual Mandate
When it comes to monetary policy, the Federal Reserve has just two jobs, and it’s failing at both of them.
The Fed has a dual mandate to promote maximum employment and to keep prices stable.
*HuffPo puts in its two cents — SR