The gross domestic product will hardly move in the fourth quarter, warns a new report by the Federal Reserve. According to the Fed Bank of Atlanta’s GDPNow report, the October-to-December period is anticipated to come in at just 0.3 percent. This nearly matches the New York Fed’s GDP Nowcast GDP growth projections of 0.4 percent. […]
Federal Reserve
Jerome Powell doesn’t see case for subzero interest rates for U.S. economy
Will the Federal Reserve bring interest rates to zero and beyond? Unlike his predecessor, Jerome Powell did not give a clear statement on negative interest rates, choosing to state it is not appropriate for the United States economy at this time. He did not dismiss the possibility of introducing subzero rates, noting that larger economies […]
The globalist war on your savings
By: Andrew Moran When any one of the plethora of bubbles burst – pick your poison – and the next financial crisis impacts Wall Street and Main Street, how will the central banks and federal governments react? They have fired all their unconventional rounds of bullets, from subzero interest rates to vast money-printing. One other proposal could conceivably […]
Week in Review: November 4 to November 10
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Atlanta Fed cuts Q4 GDP forecast to 1.1% Why did Tulsi Gabbard vote for Trump impeachment inquiry? ECB’s Christine Lagarde: ‘We should be happier to have a job […]
Is the Federal Reserve really worried about liquidity, growth?
By: Ryan McMaken The Federal Reserve lowered its benchmark interest rate on Wednesday, cutting the target federal funds rate by 0.25 percent to a range of 0.5 to 0.75 percent. The Fed’s rate-setting committee, the FOMC, has now cut rates three times this year. The committee’s rhetoric around the rate cut was the usual routine. […]