Fed Makes More Hopeful Noises
The latest economic assessment-slash-prognostication from the Federal Reserve isn't all bad -- in fact, CNN Money goes so far as to characterize it as relatively "bullish," despite mitigating factors such as soaring oil prices and the crisis in Japan.
The latest economic assessment-slash-prognostication from the Federal Reserve isn’t all bad — in fact, CNN Money goes so far as to characterize it as relatively “bullish,” despite mitigating factors such as soaring oil prices and the crisis in Japan. Here’s why. –KA
Your support is crucial…CNNMoney.com:
The nation’s economic recovery is getting stronger but inflation remains in check, according to the Federal Reserve. The Fed said Tuesday it will remain on its current course of pumping more cash into the economy.
“The economic recovery is on a firmer footing, and overall conditions in the labor market appear to be improving gradually,” said the Fed in one of its most bullish statements in years.
The central bank acknowledged there have been significant increases in commodity prices such as oil since its last meeting, but added that it believes underlying inflation pressures remain subdued.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
During this holiday season, stand with our courageous journalists. Donate today to protect a free press, uphold democracy and ensure the stories that matter are told.
Politics
The despair of lower-income voters was seen as a political problem rather than an empirical reality.
Editorial Cartoons
Media
As mainstream outlets continue to focus on inflation, consumer sentiment about the economy remains staggeringly low.
Opinion
Staunch capitalists like Gurner tell us every day they want more exploitation and precarity for people just trying to get by.
Ear to the Ground
The administration says the moves will safeguard renters and promote rental affordability.
Business & Economy
The cost of living might be rising faster for them.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.