If The Fed Is Right, Trump Is In A Heap Of Trouble

The Washington Post reports: “The Federal Reserve is becoming more worried about the U.S. economy, citing slower consumer and business spending. On Wednesday, the central bank cut its growth forecasts, left interest rates unchanged and indicated it won’t do any hikes this year.” In practical terms, what does this mean? “The Fed entered 2019 predicting the economy would grow 2.3 percent and two more rate hikes would be necessary to keep the economy from overheating.

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BING NEWS:
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    05/1/2024 - 2:10 am | View Link
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    04/26/2024 - 11:44 am | View Link
  • Trump allies drafting plans to erode Fed's independence, WSJ reports
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    04/26/2024 - 4:48 am | View Link
  • Bidenomics and Its Discontents
    President Joe Biden’s heralding of “Bidenomics” has all but ceased since he coined the word less than a year ago. As lower- and middle-income Americans struggle with a persistent cost-of-living crisis ...
    04/25/2024 - 10:00 pm | View Link
  • The Fed will likely end up with a three cut median this week, says Morgan Stanley's Ellen Zentner
    Trump unable to post bond for $454m judgment ... North Korea and Saudi Arabia - but also democratic India and NATO member Turkey - heap praise on Russian president Countries with the most debt ...
    03/18/2024 - 1:00 pm | View Link
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