The US Federal Reserve’s open market committee talked patience again overnight as it kept its federal funds rate target range at 2¼-2½%.
If you thought, like I did, that US Federal Reserve chair Jerome Powell was looking for a way out of being brow-beaten by President Donald Trump recently, it seems we’d be at least a little inaccurate in the assumption.
The US national debt whizzed through the $US22 trillion mark this week. It takes about 30 seconds to add another $US1 million to the total. The US Treasury’s count is running about $US3 billion ahead of the US Debt Clock website’s, reaching $US22.01 trillion on Monday. The Debt Clock made the record $US22 trillion mark […]
The US Federal Reserve’s open market committee voted yesterday to maintain its federal funds rate target range at 2.25-2.5%, and to continue to withdraw $US50 billion/month of Treasury & mortgage-backed securities from the market.
The US Federal Reserve disobeyed the Commander-in-Chief this morning and raised its funds rate target range another quarter percent, to 2.25-2.5% – the fourth rate hike of the year.
On my way through a selection of economic articles & announcements this week, I looked at the US Debt Clock website a couple of times, and pondered how long it would be until the US clocked up $US22 trillion of national debt.