Browsing: Economy

Economy

In a significant move today, the Federal Reserve announced that it will increase the target range for the federal funds rate to 0.75 to 1%, and signaled that “ongoing increases in the target range will be appropriate.”

Economy

The first estimate for GDP in Q1 2022 came in well under expectation, contracting at an annualized rate of 1.4%. This was largely due to worsening net exports and a decline in private inventories and government spending.

Economy

Economic activity expanded at a moderate pace between February and mid-April, though outlooks for future growth remained uncertain, given current geopolitical and inflation conditions, according to the Federal Reserve’s Beige Book release of the year.

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