Fed Officials Significantly Upgrade Their 2020 Economic Outlook
Back in June the Fed’s median forecast was for the economy to shrink 6.5 percent. Now it sees only a 3.7 percent contraction.

Back in June the Fed’s median forecast was for the economy to shrink 6.5 percent. Now it sees only a 3.7 percent contraction.
The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.
Powell added that the Fed is “very carefully monitoring the situation.”
Employment, household spending, and business investment have made solid gains, according to the Federal Reserve.
Fed rate raise signals cautious optimism about economic stability.
Far from worrying that the economy is in danger of overheating, the minutes make it clear that Fed officials see the risks to economic growth as “tilted to the downside.”
U.S. stocks crashed 2.5 percent on Friday, September 9 as Wall Street woke up to the risk of “Two Bumps and a Stumble” — i.e. when it takes two interest rate hikes to generate a market reaction.
With the appointment of Neel Kashkari as President of the Federal Reserve Bank of Minneapolis, former Goldman Sachs executives will hold 4 of the 5 Fed Presidents’ seats on the powerful Federal Open Markets Committee that controls U.S. interests rates.