The Federal Reserve announced on Wednesday that it will not raise interest rates in September. Although the language suggests that the United States central bank will move ahead with a rate hike in December, Janet Yellen and Co. have been saying the same thing over and over again for the last two years. But this […]
Archives for September 2016
Breaking: Federal Reserve will NOT raise interest rates
The Federal Reserve announced on Wednesday that it will NOT raise interest rates this month. The Federal Open Market Committee (FOMC) finished a two-day policy meeting and decided to keep rates steady. There was no change in the rate target and the Fed had three dissents. The three dissenters were Kansas City Fed President Esther […]
What will the next U.S. recession look like?
By: Brendan Brown Some optimists are touting the hypothesis that the weakness of the economic expansion since the last cyclical trough (June 2009) means that the next recession will be mild. In fact, such a tendency has never been observed in the 140 years of US business cycle history examined famously by University of Chicago […]
Atlanta Fed revises Q3 GDP growth estimate to 2.9%
The United States economy is expected to expand 2.9 percent in the third quarter, according to revised estimates from the Atlanta Federal Reserve. Looking at the latest data pertaining to consumer prices and housing starts, the Atlanta Fed lowered its gross domestic product (GDP) estimate for the July-to-September period from three percent. So far this […]
Central banks have been net gold buyers every year since economic collapse: report
Since the global economic collapse, central banks have been purchasing large amounts of gold. Some of the main players in this quest to own immense sums of the yellow metal include China, Russia and India. Others have slowed down their sell-offs as well, particularly Great Britain. Central banks and governments continue to be interested in […]