Fed chair Janet Yellen's recent speech in Boston was an occasion to put into perspective a few important questions regarding the still high economic output gap, the formation of inflation expectations, the sensitivity of wages to labour conditions or the interaction between major central banks' monetary policies.
Unfortunately, most of them did not come with precise answers, leaving investors in the dark on these topics. Yellen mentioned for the first time the possibility to let the economy temporarily overheat...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%