Will lingering unemployment spur monetary stimulus and dollar devaluation?
*Reuters, by Lucia Mutikani, August 15, 2012:
''Consumer prices were flat in July for a second straight month and
the year-over-year increase was the smallest in more than 1-1/2 years,
giving the Federal Reserve room for further monetary easing to tackle
stubbornly high unemployment.
Other reports on Wednesday showed home-builder sentiment in August hit
its highest level in more than five years, while industrial production
rose in July. However, a gauge of manufacturing in New York state
contracted this month.
The tame inflation reading leaves more stimulus from the U.S. central
bank on the table, even though data on job growth and retail sales have
hinted at a pick-up in economic activity early in the third
quarter. The unemployment rate is at an uncomfortably high 8.3
percent.''
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