Fomc: Fed Warns Of Halted Economy And Disinflation; Qeternity Is Here To Stay

Adding fuel to the fire that was the first quarterly decline in U.S. GDP since 2009, the Federal Reserve confirmed economic growth stopped toward the end of the last year.  The Bernanke Fed also made it clear that it plans to continue its latest round of quantitative easing, in which it’s buying $85 billion in Treasuries and residential mortgage-backed securities a month, and that interest rates will remain at record lows until unemployment drops.  The FOMC statement also revealed the specter of disinflation; stock markets initially fell.

BING NEWS:
  • Here’s What To Look For From The FOMC’s May Interest Rate Meeting
    That’s despite disinflation across most metrics on a 12-month view, according to the Atlanta Fed’s tracker. For example, the 3-month average of sticky prices less food and energy have seen ...
    04/29/2024 - 5:39 am | View Link
  • US Fed Meeting Live Highlights: Powell-led FOMC keeps key rates unchanged at 5.25-5.50%, signals 3 rate cuts in 2024
    27 min read. Updated: 14 Dec 2023, 02:38 AM IST ...
    12/13/2023 - 4:16 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News