Ultimately, he thinks the Fed will not act as aggressively as stated through their current projections. The Federal Open Market Committee in September indicated another rate hike this year, bringing the 2018 total to four, along with three more next year and another hike or two in 2020.
US Economy
Trump says the Federal Reserve has ‘GONE CRAZY’ by Continuing to Raise Interest Rates
President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.
Job Growth Slumps in September, But the Unemployment Rate Hits the Lowest Level Since 1969
Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday.
Fed Raises Key Rate to Range of 2% to 2.25%, Keeps Forecast for 4 Hikes in 2018
The Federal Reserve said Wednesday that it sees the federal funds rate at 2.4 percent by the end of 2018, unchanged from its June forecast.
Donald J. Trump Tweet – Jobless Claims fell to their lowest level in 49 years!
Donald J. Trump Tweet – Jobless Claims fell to their lowest level in 49 years!
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
Fed Expected to Hike Rates Twice More This Year and then Risk a ‘Policy Mistake’ – Gold Silver Reports
Gold Silver Reports (GSR) — A full 98 percent of the 46 respondents, who include economists, fund managers and strategists, see the Fed hiking rates a quarter point this week to a new range of 2 to 2¼ percent. And 96 percent believe another quarter-point hike is coming in December.
The US Economy and the Midterm Elections – Gold Silver Reports
The US economy is growing, inflation has finally hit the US Federal Reserve’s 2% target, and unemployment is quite low – and at an all-time low for African-Americans and Hispanics. For the first time in memory, there are more job openings listed by US companies than there are unemployed people. Such conditions usually foreshadow rising real (inflation-adjusted) wages, which would indicate that American workers, many of whom were left behind in the anemic post-crisis recovery, might finally reap benefits from the strong economy.