“The U.S. economy stalled out in Q1, as GDP rose at a 0.1% annual rate, the Commerce Department said Wednesday. But with other data showing rebounding growth in the spring, the Federal Reserve voted to taper its bond-buys by another $10 billion. The Fed’s decision, widely expected, cited ongoing improvement in the economy. But as previously signaled, the central bank left interest rates untouched and pledged to keep policy easy as long as the economy remained shaky. Residential investment fell hard for a second straight quarter, and business fixed investment declined at a 5.5% rate. Both sectors were expected to help lead the economy in 2014.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
China Has Biggest One-Day Stock Crash Since 2007
Sergey Brin says Google 'failed to be on the bleeding edge' of blockchain
Banks, at Least, Had a Friend in Geithner
Four Arizona cops awarded paid vacation after beating unarmed man unconscious
Cyprus, lenders reach bailout deal; 40% deposit tax agreed
NATO kills four children in Afghan East: Karzai
Bitcoin: The currency that buys a pint one week but a TV the next
Labour joins Tories in blocking UK Independence Party members from debates
Orlando is the cat's whiskers of stock picking
Journalist beaten to death, encased in concrete for $100K in Magic cards
Fed Could End Up Paying Banks $77 Billion Annually on Excess Reserves
Bitcoin buzz grows among venture investors, despite risks
Google accelerates launch of new music service that downgrades unlicensed music
'Japanese Regulators Take Closer Look at Bitcoin' (Wednesday)
NSA Spying to Cost US IT Companies $47 Billion Over Three Years