BERNANKE TORPEDOES OBAMA REELECTION WITH BLEAK OUTLOOK, NO QE3
The Federal Open Market Committee (FOMC) of the Federal Reserve Board holds eight scheduled meetings each year. The results of these meetings provide not only trading opportunities, but also extremely valuable data points for investments. The June 19-20 FOMC meeting just ended today.
The Federal Reserve has released its new economic projections. The chart below shows the difference between Federal Reserve economic projections released in April and more sober ones released today.
The chart shows the Fed has lowered growth projections. It is often said that a presidential election hinges on the unemployment rate. In April, the Fed projected unemployment rate of 7.8 to 8.0 for 2012. … Please click here or the title below to read more.