Fed Will Accept a Recession Before It Allows High Inflation

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Fed Will Accept a Recession Before It Allows High Inflation

Don't worry about faster inflation. The Federal Reserve has a history over the past two decades of snuffing out consumer-price increases before they take hold. Instead, worry that even modest inflation could compel the Fed to undertake a late-cycle acceleration in the pace of tightening. Inflation is
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Record US Yield Premium Runs Into the Trump-Dollar Discount

(Bloomberg) — U.S. two-year Treasuries haven't yielded this much over their German counterparts for decades, yet it's providing little help for the dollar.
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Tax Fraud Blotter: 'It's jail for you!'

A thousand returns and 45 bank accounts; “what to write and where to write it;” the Spirit was weak; and other highlights of recent tax cases. Valdosta, Ga.: Saferia Johnson, 34, and Leo McGill, 51, of Calera, Ala., have pleaded guilty to one count of conspiracy to steal government funds, based on a
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Education Dept. makes progress in contracting, accountants say

Results from a recent audit show that while the Mississippi Department of Education has made progress in its financial and contracting procedures, the agency still has work to do with the way it tracks federal grants. At a State Board of Education meeting Thursday, representatives from accounting firm
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Chinese Firms Have Never Been This Reliant on Foreign Revenue

Yet for the country's publicly listed companies, foreign business has never been so important. The percentage of sales that mainland-listed companies get outside their home country has climbed to 13 percent, on a market capitalization-weighted average, according to Bloomberg calculations based on
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