Treasury prices mixed as signs of low inflation offset by increasing risk appetite
Treasurys mixed amid fresh signs of low inflation Sarah Palin urges smaller government, talks US-China relations in speech to investors in AsiaHONG KONG — Months after abruptly resigning as Alaska’s governor, Sarah Palin resurfaced in Hong Kong more moderate in tone and better versed in international affairs, possibly laying the first brick for a 2012 White House bid. Sarah Palin emerges in Asia with speech to investors in Hong KongHONG KONG — Former U.S. vice presidential nominee Sarah Palin, criticized for her lack of foreign policy experience, emerged in Asia on Wednesday to share her views from “Main Street U.S.A.” with a group of high-flying global investors. Summary Box: Sharp drop in wholesale prices adds to evidence of no inflation threatWHAT HAPPENED?: Wholesale inflation dropped 0.9 percent in July, reflecting big declines in energy and food costs. Construction of single-family homes rose for a fifth straight month, though overall housing construction fell 1 percent because of weakness in apartment building. Low inflation, jitters on Wall Street send investors in search of safety in TreasurysNEW YORK — Signs of low inflation and worries about consumers’ reluctance to spend sent investors in search of the safety of government debt. Commodities sell off amid signs of low inflation, waning consumer confidence; dollar risesNEW YORK — Commodities sold off Friday, giving back some of their recent gains as new economic data downplayed the threat of inflation but also signaled that consumers are unlikely to increase their spending anytime soon. Conservative House Blue Dogs emerge as pivotal force on Obama health care planWASHINGTON — Conservative-leaning Blue Dog Democrats are enjoying a power surge like no other in their 15 years, forcing President Barack Obama and their own party leaders to deal with their demands for cost cuts and tax restraints in overhauling health care. Former Treasury Secretary Paulson defends response to financial crisis as probe beginsWASHINGTON — Defending the government’s handling of the economic crisis last year, former Treasury Secretary Henry Paulson said Wednesday that the Bush administration’s responses were not perfect but “saved this nation from great peril.” German consumer confidence stable amid tentative hopes of recovery, survey showsBERLIN — German consumer confidence remains steady, though lackluster, as low inflation and energy prices combine with tentative hopes that an economic turnaround may be in sight, according to a survey released Monday. |
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