The Federal Reserve Held Monetary Policy Steady… The central bankers announced that they will hold rates at 0% to 0.25% and continue to purchase $120 billion in bonds each month. What it means— No ...
Week In Review – May 3 2021
First-Quarter GDP Up 6.4%… This was the second-fastest GDP growth since 2003, trailing only the third quarter of last year after the disastrous second quarter of 2020. What it means— The median ...
Week In Review – February 8 2021
The U.S. Economy Created 49,000 Jobs in January… The modest gains were very close to the expected gains of 55,000 jobs. What it means— The unemployment rate dropped 0.4%, from 6.7% to 6.3%. While ...
Week In Review – November 2 2020
Soaring COVID-19 Cases Smack the Markets… As the U.S. recorded a seven-day average of more than 70,000 new infections and France and Germany announced new restrictions, global equity markets ...
Week In Review – August 3 2020
Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...