On October 30, 2019, the Federal Reserve’s Open Market Committee voted by an 8-2 margin to lower the Fed Funds rate by a quarter of a point to a range of 1.50-.75%. This action was the third time the Fed has decided to cut rates this year. The Fed statement suggested that the FOMC will...
On Wednesday October 30, 2019, the Commerce Department’s Bureau of Economic Analysis released third quarter preliminary GDP data. The annual rate of GDP growth came in at 1.9%, down from 2.0% in the June quarter and 3.0% in the first quarter. The 1.9% figure exceeded the consensus estimates of 1.6%…
On October 15, 2019, the IMF (International Monetary Fund) lowered its global growth rate forecasts for both of the 2019 and 2020 years. The IMF economics team now expects global GDP growth of 3.0% in 2019, down from its forecast of 3.2% last June. The outlook for 2020 is now set at 3.4%, down from.…
Kelleher Financial Advisors Client Event – November 5 – NYC – Money Mindfulness: How Individual Personalities & Family Dynamics Influence Our Financial Decisions.
On October 4, 2019, the Bureau of Labor Statistics reported the Employment situation for the month of September. The increase in private, non-farm employment was 136,000 in line with most analyst expectations. The July and August figures were revised upwards by 45,000 so the three-month increase exceeded…