- 13 Dec '17 at 10:01 pm #13887
No surprises from the Federal Reserve Wednesday the…
[article]429[/article]13 Dec '17 at 11:07 pm #13888
Dow added about 30 points, taking gains to 131 on the day. S&P 500 now up 0.3%, and the dollar is down by the same percentage.13 Dec '17 at 11:10 pm #13889
Fed estimates unemployment to fall to 3.9% in 2018
Fed lifts 2018 U.S. GDP forecast to 2.5% from 2.1%
Fed maintains PCE inflation forecast for 2018 at 1.9%
Fed sticks to forecast for three rate increases in 201813 Dec '17 at 11:10 pm #13890
Neel Kashkari of the Minneapolis Fed
Charles Evans of the Chicago Fed13 Dec '17 at 11:12 pm #13891
December 13, 2017
Federal Reserve Board and Federal Open Market Committee release economic projections from the December 12-13 FOMC meeting
For release at 2:00 p.m. EST
The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the December 12-13 meeting.
The table will be incorporated into a summary of economic projections released with the minutes of the December 12-13 meeting. Summaries of economic projections are released quarterly.13 Dec '17 at 11:28 pm #13892
Don’t Forget One Of Yellens last press conference usually gets underway at 3:30 pm ET.
Watch it live here: https://youtu.be/pdp2g3sRapM14 Dec '17 at 1:02 am #13893
Yellen on Bitcoin: “I would simply say that Bitcoin at this time plays a very small role in the payment system. It is not a stable source of store value and it doesn’t constitute legal tender. It is a highly speculative asset.”09 Jan '18 at 11:44 pm #14373MoneyNeverSleepsParticipant
9 of 12 regional directors voted for discount rate hike
Chicago, St Louis and Minneapolis were against raising discount rate
Regional Fed directors saw wage pressures as generally modest
Fed directors were uncertain about economic impact of tax cuts
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