Fed Chair Powell Tells Congress Inflation Will Pass… In his regularly scheduled testimony, Powell reiterated that the current inflation is transitory and does not require monetary tightening. What ...
Week In Review – June 21 2021
The Federal Reserve Held Monetary Policy Unchanged but Noted Faster Economic Growth… The central bankers increased their GDP forecast for this year and next and moved back their estimate of when rates ...
Week In Review – June 7 2021
The U.S. Economy Created 559,000 Jobs in May, Missing Expectations of 664,000… The unemployment rate unexpectedly dropped from 6.1% to 5.8%. What it means— Missing the estimate by around 100,000 ...
Week In Review – June 1 2021
Fed Governors Say It’s Almost Time for Talking About Tapering… In several speeches, different Federal Reserve governors noted that the pace of economic growth would lead to discussions on tapering ...
Week In Review – May 24 2021
Federal Reserve Minutes Spook the Markets… The Federal Reserve released the minutes from its April meeting. While the bankers appeared to take a balanced view of the economy, already-nervous investors ...