Keeping up with the rest of our aging population, Ben Franklin has gotten another another face-lift. Trying to stay one-step ahead of counterfeiters, the Federal Reserve released it’s newest design of the $100.00 bill. You can read more about at their website. In case the effects of the recession have limited your access to C-Notes, [...]
Federal Reserve
Weekly Wrap
While the three major stock market indices ended up for the week, the early gains given up at close of market the last two days of the week are speaking volumes to me. We may not be so fortunate next week. While the various financial sites may say the recent volatility is due to debt [...]
Bullish FOMC Statement
Stocks rose to a fresh 17-month high today after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period, alleviating some investors’ anxieties. Here’s some excerpts from today’s FOMC statement: Information received since the Federal Open Market Committee met in January suggests that economic activity [...]
Janet Yellen Visits Phoenix
According to Catherine Reagor’s Real Estate and Growth Blog, Dr. Janet L. Yellen, economist, president and CEO of the Federal Reserve Bank of San Francisco will be in Phoenix to talk about Arizona’s economy next week. One of twelve districts banks represented in the Federal Reserve System, the Federal Reserve Bank of San Francisco provides [...]
Today’s Fed Statement
The Fed announced today that the financial crisis is over, the economy is in the midst of a turn-around, and that they’ve developed a simple plan to quickly pay off the deficit.
Markets React To FOMC
The markets reacted to the recent FOMC statement by Ben Bernanke by dropping 2.5-3% across the board, both nationally and internationally. Source: Cartoons by Harley Schwadron