The exciting release of industrial production and capacity utilization happened today! From the Board of Governors of the Federal Reserve System... "Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first … Continue reading This Day in Stocks and Economy
The Federal Reserve is targeting 2% annual inflation. The chart shows how rarely the central bank has been on the mark.
THE FEDERAL RESERVE BOARD (Fed) Since World War II, the goal of the Federal Reserve Board (Fed) has been to stabilize prices and maximize the level of employment. To achieve these objectives, the Fed has believed it necessary to predict future inflation rates and to steer interest rates up or down to maintain stable prices. … Continue reading 2019 Second Quarter Commentary
If you're looking for someone to calm your fears of a U.S. recession, then former New York Fed President Bill Dudley's latest commentary is for you. Let’s Not Stress About the Next U.S. Recession