• Jeff Gundlach and his deputy think Fed's Powell made a mistake by tightening on 'autopilot'

    29 days ago - By CNBC

    Federal Reserve Chairman Jerome Powell made two mistakes during his news conference on Wednesday, according to bond king Jeffrey Gundlach.
    Read more ...

     

  • FOMC Projections

    29 days ago - By Calculated Risk

    Statement here .
    Powell press conference video here .
    On the projections , growth was revised down slightly, and inflation was softer.
    GDP projections of Federal Reserve Governors and Reserve Bank presidents Change in
    Real GDP 1 2018 2019 2020 Dec 2018 3.0 to 3.1 2.3 to 2.5 1.8 to 2.0 Sep 2018 3.0 to 3.2 2.4 to 2.7 1.8 to 2.1 Jun 2018 2.7 to 3.0 2.2 to 2.6 1.8 to 2.0 1 Projections of change in real GDP and inflation are from the fourth quarter of the previous year to the fourth quarter of the year indicated.
    The unemployment rate was at 3.7% in November. So the unemployment rate projection...
    Read more ...

     

  • Watch Fed Chairman Jerome Powell's news conference live

    29 days ago - By CNBC

    Federal Reserve Chairman Jerome Powell meets with the media Wednesday to discuss action taken at this week's Federal Open Market Committee meeting. The FOMC sets monetary policy for the central bank.
    Read more ...