This morning’s advance report on first quarter gross domestic product was a bit of a disappointment. The Commerce Department reported that 1Q GDP rose only 2.2% (annual rate). That was below the pre-report consensus of 2.5%-2.6% and considerably below the 4Q rate of 3%. The report noted that growth in the 1Q was driven by…
Monthly Archives: April 2012
Fed Policy Statement Virtually Unchanged
[Ed. note -- due to a software problem, our feed inadvertently sent an older post. Below is the post that should have been sent. We apologize for the confusion.] The Fed Open Market Committee (FOMC) wrapped up two days of meetings today, and the official policy statement released this afternoon was a near carbon-copy of the last…
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In addition to his blog, Gary publishes a weekly newsletter that has been enjoyed by the investment community for over 30 years. Once only sent to his clients, Gary’s Forecasts & Trends E-Letter analyzes the latest economic news, markets and political environment and is now seen by over half a million subscribers. He brings you news that the mainstream media has missed or completely ignores - stories that have an impact on your lifestyle, your future and your pocketbook.
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