March 16, 2020
“The Federal Reserve took massive emergency action Sunday to try to help the economy… slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its… Continue Reading…
March 16, 2020
“The numbers:The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the… Continue Reading…
March 13, 2020
“In an announcement Friday, the central bank said it was accelerating to Friday purchases it announced a day before. The move comes in response to market demand that the Fed act immediately to quell what has been an extraordinarily volatile… Continue Reading…
March 12, 2020
“During the October-February period, the government spent a record $1,991,272,000,000 while it collected a record $1,366,750,000,000 in taxes… Thus, while running up records in taxing and spending for the first five months of the fiscal year, the federal government also… Continue Reading…
March 4, 2020
“The 10-year Treasury yield broke below 1% for the first time ever in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the spreading coronavirus. The yield on the benchmark 10-year Treasury… Continue Reading…
February 14, 2020
“The federal government set records for both the amount of taxes it collected and the amount of money it spent in the first four months of fiscal 2020 (October through January), according to data released today in the Monthly Treasury Statement.… Continue Reading…
January 22, 2020
“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…
January 15, 2020
“The federal government spent a record $1,163,090,000,000 in the first three months of fiscal 2020 (October through December), according to the Monthly Treasury Statement released Monday afternoon. That was up $48,008,200,000 from the $1,115,081,800,000 (in constant December 2019 dollars) that the… Continue Reading…
January 8, 2020
“The Federal Reserve Bank of New York added $76.9 billion in temporary money to financial markets Monday. The Fed’s intervention came via an overnight repurchase-agreement operation that took in Treasury and mortgage securities…” https://www.wsj.com/articles/fed-adds-76-9-billion-in-overnight-money-to-markets-11578321440
December 13, 2019
“The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today. Despite collecting that record amount in taxes, however, the federal government still… Continue Reading…
Recent Comments