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· But some Fed officials, including Mr. Bullard, are reluctant to taper before seeing those expectations edge closer to reality.
· He repeated expectations that inflation, now low at 1 percent, will rise toward the Fed’s 2 percent goal through the year, and he reiterated a forecast for growth in gross domestic product of 3.
Earlier today, we learned that GDP growth decelerated to just 0.1% in Q1 from 2.6% in Q4. The FOMC also reiterated that the taper will continue as long as the economy keeps humming.
Slower jobs growth and overseas hazards such as a possible UK exit from the European Union prompted the Federal Reserve in its June statement to keep rates unchanged and trim back its longer-term interest rate forecasts, in a sign of greater caution.. The US central bank held the target range for the federal funds rate at 0.25 per cent to 0.5 per cent, where it has been since the Fed lifted.
Earlier today, we learned that GDP growth decelerated to just 0.1% in Q1 from 2.6% in Q4. The FOMC also reiterated that the taper will continue as long as the economy keeps humming.
Community lenders baffled to see major trade groups push Wall Street agenda God Made a Realtor When god created fathers submitted By: blueridgegrammy. When God created Fathers by Erma Bombeck When the good Lord was creating fathers, He started with a tall frame. A female angel nearby said, "What kind of father is that? If you’re going to make children so close to the ground, why have you put fathers up so high?