If you examine the December Treasury Statement, it outlines the amount of money the government has collected and spent for each month. If you compare the current month with the recent fiscal year, which began back in October of 2011, to the year prior, this may seem complicated. However, as the year continues the taxes paid, . . . → Read More: Deficit Shrinking Slightly According to Treasury Statement
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The US Federal government is undergoing a bit of turmoil in the Stock Market. The Federal Reserve Chairman has declared the lowering of interest rates. The investors saw that rates had only risen since the former had got the air of the Treasury Buying Plan. The Chairman said that this will be done by his $600 . . . → Read More: Interest Rates Surge As Fed & Congress Crush Debt Holders
It’s clear the Federal Reserve has conflicting views within the body as to whether a mild approach or a bold and more comprehensive approach to buy off more assets would be more effective. Charles Plosser, the Fed President of Philadelphia, mentioned the fact that he did not see the requirement for the Fed to purchase more assets in the present scenario. He also mentioned that views depend on how policymakers see the purchases working and what they are trying to achieve. Whether it be for nudging up inflation or lowering the number of unemployed people in the country.
Fed’s 10th District based in Kansas City released its own Beige Book report. Each of the district released their own individual analysis report. According to which Fed’s 10th District was one of the several districts that witnessed modest growth in the period between September and early October across the nation. Continue reading Federal Reserve Reports On Its 10th district The Federal Reserve maintained its stance of being on a stand-by mode, after it abated the speculations of the possibility of a second round of quantitative easing at its latest policy meeting. Latest figures from the US include manufacturing output from one of the most crucial industrial regions and were reflected in the Empire State index. Production in New York has been volatile lately and the upcoming report this Friday is expected to show a continuation of similar trends. Continue reading Latest Figures Point at Stagnation In The US Economy According to the report from Federal Reserve meeting on September 21st Federal Open Market Committee decided to maintain target range for the Federal Funds Interest Rate between 0 and 1/4 percent. The committee will also continue reinvesting principal payments from its securities policies as it is set in the current policy. Prime rate as of 09/21/2010 . . . → Read More: Federal Reserve keeps federal funds interest rate low |
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