Bloomberg:
- The Baltic Dry Index, a measure of shipping costs for commodities, slid the most in almost eight months on speculation demand for iron-ore carriers will weaken. Current rents for capsize ships will plunge 55% on average during the third quarter as panamax vessel rates slide 40%, according to forward freight agreements, bets on future rates. The index fell 284 points, or 6.9%, to 3,809 points, according to the Baltic Exchange today.
Wall Street Journal:
NY Times:
Market News International:
- Increasing purchases of long-term US Treasuries is “certainly an option,” Federal Reserve Bank of Atlanta President Dennis Lockhart said. “My own personal view is that I am not overly concerned about the inflation threat,” Lockhart said. The economy is likely to operate below its potential growth rate “for quite a period of time going into next year and perhaps the year after, and so my sense is that we need to manage the package of (monetary) stimulus to be supportive of a recovery.”
Washington Post:
Boston Globe:
Rassmussen:
The Detroit News:
Guardian: