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| Economy |
| Economy slows as Fed halts rate change |
| 2016-04-28 |
| Amid a moribund economy and reduced levels of consumer spending, the Fed on Wednesday again opted not to raise interest rates. "Economic activity appears to have slowed," the Federal Open Market Committee said in a statement released after its two-day meeting this week. "Growth in household spending has moderated, although households' real income has risen at a solid rate and consumer sentiment remains high." The statement highlighted the many conflicting signs in the U.S. economy – consistent job growth and an improving housing market against slowdowns in business investment and exports. Indeed, the Atlanta Fed has estimated that economic growth slowed to just 0.6 percent in the first quarter of 2016, a condition reflected in the Fed's lukewarm assessment of conditions. |
| Posted by:badanov |
| #12 A new "5 year plan", properly rolled out every 18 months, takes us all they way down to the "kicked can", so long as no one else kicks the can further... |
| Posted by: Capsu78 2016-04-28 20:21 |
| #11 once the command economy mindset gets hold the downstream minds get very quickly that it is career terminal to disappoint the leaders, so fudge, and soon, 5 year plans and meaningless numbers become the norm..... |
| Posted by: NoMoreBS 2016-04-28 15:05 |
| #10 Yay Obamanomics! |
| Posted by: DarthVader 2016-04-28 11:05 |
| #9 Setting us up for the 7th annual "Recovery Summer". There's not a government statistic that I believe anymore. |
| Posted by: AlanC 2016-04-28 10:46 |
| #8 *snort* |
| Posted by: Frank G 2016-04-28 09:07 |
| #7 wanna bet that 1.4% last Quarter gets "revised downward"? Unexpectedlyâ„¢. But the good news is....government revised 'downward reporting' appears to be following an upward trend. |
| Posted by: Besoeker 2016-04-28 09:04 |
| #6 wanna bet that 1.4% last Quarter gets "revised downward"? Unexpectedlyâ„¢. |
| Posted by: Frank G 2016-04-28 09:00 |
| #5 GDP: 05%.. "The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices. Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year." Thanks Obama. Hildabeest is running for a third Obama term. Good luck on that |
| Posted by: Frank G 2016-04-28 08:59 |
#4 It's really hard to deal with economics when all your data has been corrupted by a bureaucracy to make their masters look good. Just ask the Soviets how that worked out.
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| Posted by: P2Kontheroad 2016-04-28 07:58 |
| #3 Audit the fed. Whats slowing the economy is the weight of the government and its dead hand of regulations. That and nearly a decade of jobless recovery under Obama. The number they use is completely misleading. And neither party seems capable of slashing away at Federal spending and federal taxes, which is what is needed. A lot of people are wise to it and are starting to save and hunker down instead of spending like madmen. |
| Posted by: Elmavinter Brown4649 2016-04-28 07:28 |
| #2 Let's see: the largest retailer Walmart had its first ever drop in revenue in 45+ years. And you can't blame the internet for walmarts reversal because Apple had its first revenue miss in 51 quarters. |
| Posted by: Airandee 2016-04-28 07:12 |
| #1 You can almost see the economy slowing. The rest is lies, fraud and rent-seeking. |
| Posted by: Anguper Hupomosing9418 2016-04-28 02:21 |