Early 3Q Data is Looking Good for Tapering

The FOMC meeting concluded largely as anticipated, with a tempered downgrade of the economic assessment from “moderate” to “modest” and a new warning about the dangers of low inflation. Of course, given the weak first half evidence in the GDP report, “modest” seems like an appropriate adjective. In addition, the Fed highlighted the recent rise [...] View the full post at: Early 3Q Data is Looking Good for Tapering Related posts: Richmond Manufacturing Index Data Suggests Economic Recovery Stronger than Expected Durable Orders Data for July Empire Manufacturing Data Suggests Recession is Ending