Tag: FOMC
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Summary of FOMC Minutes
Bottom line – Deeper recession and slower growth. No questions about it, the real GDP would contract this year, that the unemployment rate would increase in coming quarters, and that inflation would be slower this year than in recent years. The near-term outlook for economic activity has weakened relative to the projections they made at…
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Fed, Gold and Markets
Fed decided to keep interest rates flat, what’s the big deal? Markets staged a huge rally, Dow over 300 points; was that big deal? Gold dropped almost closed to support point $85 and Oil, metal and commodities were crushed, was that a big deal? These are not easy questions to answer but if we are…