Economics Update
The Federal Reserve's Open Market Committee held its benchmark rate at effectively 0%, and said that it will continue its policy of monetary easing. (printing money)
It's really no big surprise, but the other two pieces of news, that the small business optimism survey hit a 2 year high, and that retail sales rose for the 5th straight month are a bit of a surprise, though definitely ont he plus side of the ledger.
No comments:
Post a Comment