Posts Tagged ‘fomc’

FOMC’s Dire Recovery Prediction

The minutes from the April 28-29 FOMC meeting are out and make for some interesting reading. As you can see from the excerpt below, the committee at least thinks we’re in for one long haul.  As indicated in table 1 and depicted in figure 1, all FOMC participants projected that real GDP would contract this […]

FOMC Announcement: Things Are Terrible-We Are Staying The Course

Now that the Fed has shot all the bullets most of us can relate to, their end of the FOMC meeting announcements lack the same high drama. The one today was pretty much what you would exact. Going to keep rates at zero for the foreseeable future, the economy sucks and we’re buying securities and […]