Article

2015-06-17 Economy

Fed holds off on interest rate hike, downgrades economic forecast

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Posted by DarthVader 2015-06-17 14:36|| || Front Page|| [3 views ] Top

#1 Downgrades "Unexpectedly" again.

Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.

If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.

With the EU looking more shaky, other economies looking like their bubbles are close to popping (I'm looking at you China), rampant debt and everyone printing funny money things will get really interesting when everything goes off at once.

Posted by DarthVader 2015-06-17 14:39|| 2015-06-17 14:39|| Front Page Top

#2 Found on zerohedge: "we're a dead economy where paying interest on government debt is the budget"

Posted by Anguper Hupomosing9418 2015-06-17 14:54|| 2015-06-17 14:54|| Front Page Top

#3 Here's a little something to tickle your defib'r:

CBO -Unless We Act Soon The US Economy Is Screwed

Posted by Blossom Unains5562 2015-06-17 17:49|| 2015-06-17 17:49|| Front Page Top

#4 ...with the Socialist-Redistributionists running things, it's already screwed.

Posted by Procopius2k 2015-06-17 20:17|| 2015-06-17 20:17|| Front Page Top

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