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The earnings reports for the fourth quarter of 2010 are also likely to show that corporate and consumer lending is starting to come back while losses on bad loans are continuing to ease.
An influential member of the Federal Reserve said today that it should not shy away from continuing to ease monetary policy aggressively just because its benchmark interest rate is beginning to approach zero.
C1 Fed Member Favors No Letup Laurence H. Meyer, whose expertise in economic forecasting often helps shape debate within the central bank, said the Fed should not shy away from continuing to ease monetary policy aggressively.
[Page C2.] Fed Official Backs More Rate Cuts An influential member of the Federal Reserve, Laurence H. Meyer, said that the central bank should not shy away from continuing to ease monetary policy just because its benchmark interest rate is approaching zero.
Sunday should offer something of a respite with winds continuing to ease down and some sunshine around.
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Lending between banks also continued to ease.
But perhaps the best news for the financial industry is that loan losses continue to ease.
About 50 miles offshore, the weather continued to ease while the deep swells continued to grow.
Israel continued to ease somewhat the restrictions on movement of Palestinians inside the West Bank.
Growth in China has continued to ease from very strong rates, weighing somewhat on global commodity prices.
One says the hardline Serb nationalists should be allowed to govern, subject to strict conditions: they should, for instance, continue to ease the return of refugees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com