"The Fed came clean as it not only told us the economy is slowing but it very uncharacteristically put a time stamp on at least how long their ‘extended’ period of low interest rates will run.
No need for the Tarot cards as we navigate yesterday’s Federal Reserve Press Release
"Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up. Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed'.........READ MORE
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