What you need to know to navigate today’s economic debate.
First-time job filing numbers down (Bloomberg)
The number of people filling for unemployment for the first time fell by 12,000 last week.
Consumer prices rise, but not much (AP/Chicago Tribune)
Smallest increase in 5 years expected to inspire Fed to keep interest rates the same.
Foreign demand for long-term U.S. securities falls (AP/Forbes)
China still buys up.
Big business loves Baucus (Bloomberg)
GE, business groups call Baucus health plan “an improvement.”
86% of Americans think U.S. still in a recession (CNN)
Bernanke calls recession over, but 42% of Americans say it’s still “serious.”
U.S. housing starts highest in nine months (FT)
Multi-family home construction surge kicks starts up in August.
Dollar drops against yen, again (FT)
Japanese finance minster emboldens investors to buy currency.