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.
FOMC
Fed Leaves Rates Unchanged Near Zero, Says Path of Economy Depends on Virus
The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.
Fed Chair Powell Says Economic Effects of Coronavirus Are ‘Very Uncertain’
Powell added that the Fed is “very carefully monitoring the situation.”
Federal Reserve Leaves Rates Unchanged But Says Economy Looks Stronger
Employment, household spending, and business investment have made solid gains, according to the Federal Reserve.
Fed Hikes Interest Rates for Fourth Time Since Financial Crisis
Fed rate raise signals cautious optimism about economic stability.
The Fed Will Give Trump Room to Run
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.”
2.5 Percent Stock Crash Warns of ‘Two Bumps and a Stumble’
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.
The Federal Reserve of Goldman Sachs
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.
