The BEA published its recent update on the U.S. GDP (third estimate), in which the growth rate reached 3.9% in Q2 – market expected no change from the previous estimate of 3.7%. This news along with FOMC Chair Yellen’s hawkish…
Another storm in a teacup, no rate hike, more promises about raising rates down the line – after all the dot plot showed most members still think a rate hike is in the cards in 2015 – and another anticlimax…
The U.S. GDP grew by 2.3% in the second quarter – this came a bit short of market expectations, which were 2.7%. This growth rate, however, is still much higher than in Q1 when the GDP expanded by only 0.6%.…
On the eve of the FOMC’s rate hike, one could also ask how a potential higher interest rate affects the U.S. savings rate. After all, the basic idea we are all thought in econ101 is that when interest rates go…
The recent comments Janet Yellen about the high valuation of equities may have partly contributed to the cool down in the stock market today. But is the market experiencing irrational exuberance? Are equities overvalued? Yellen said today that “I would…