U.S. Day Ahead: Ben why aren't banks lending more?
Wednesday, May 09, 2012 - 02:10
May 8 - Fed Chair Ben Bernanke may finally shed light on why banks aren't lending more when he speaks at a Chicago Fed conference on the health of financials on Thursday.
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Fed Chairman Bernanke may finally shed light on my banks aren't lending more. He's speaking via satellite at a Chicago fed conference on the -- of financials at 9:30 AM recently that top banks have been urging that the Fed to ease back on plans to tighten credit exposure. But is mark Nelson calls as Bernanke is likely to address those regulations. You wouldn't expect Bernanke say a lot about the outlook for the economy or monetary policy. This is a conference about banks and lending. However he could talk about the old -- regulatory development that will force banks to separate some of their banking and trading activities for example reassuring them that they'll have plenty of time to implement this rule. We will also hear from two opposing voices at the Fed during the day they belong to Charles Evans and hot area -- Lakota. Not -- members of the Central Bank could well we'll try to influence their years. -- some economists calling for the Fed to raise rates and possibly by the end of the year. You data heads out there home in on initial jobless claims at 8:30 AM I -- bars as expecting a little rebound after last week's big drop. The forecaster at the outlook is uncertain given us softening of economic activity. Also on the radar the league history it's on the trade balance and federal budget. Earnings will be dominated by retail before the open wheel here and -- after the close of the turn of Nordstrom an Express Scripts. Focus on holes he struggled in recent months by not offering shoppers good enough deals. The department store chain is likely to give an update on its pricing and how much chasing caddie. Has cut into its business. -- some of these guys turned up on your doorstep that's what this picture of protesters outside a Bank of America shareholder meeting. Charlotte North Carolina State there presents did not -- -- -- morning as 2011. Package. Almost quadrupling. To over eight million bucks. That's our image of the day look out for us on Twitter at Reuters -- I'm Rhonda schaffler this -- Reuters.
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