Our economic news summary includes interest rates and the Fed, inequality and developing nations, space travel innovation and consumer spending changes.
With the timing of the first Fed rate hike still a mystery, we can use the FOMC (Federal Open Market Committee) dot plots to predict when rates will rise.
When the Federal Reserve’s three basic monetary policy tools did not work, it created quantitative easing to up economic growth and decrease unemployment.
Hearing economists discuss the Fed’s zero-interest-rate policy, Harry Truman would again search for a one-handed economist. On the one hand…if you can borrow money cheaply, you are more likely to expand your business and buy a house or a car.…