The Fed Is Not Braking The Boom Anytime Soon

Published Friday, April 9, 2021 at: 8:58 PM EDT

The Federal Reserve Bank’s Federal Open Market Committee (FOMC) unanimously reaffirmed it would not raise lending rates until the jobs recovery is complete, according to minutes just released of their March 16- 17 meeting.  The jobs recovery is not expected to occur for 15 months. Meanwhile, the service and manufacturing sectors both soared and broke records last month, according to yesterday’s data release from the Institute of Supply Management. Manufacturing activity, according to the monthly survey of purchasing managers conducted in March by the Institute of Supply Management, soared to a record high. This survey has been conducted for decades by...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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