The economy looks significantly worse now than it did three months ago.
Federal Reserve officials downgraded their expectations for the economy, lowering their forecasts for growth and raising forecasts for unemployment and inflation, according to materials released Wednesday at the conclusion of the Fed’s two-day monetary policy meeting.
The new projections show the median expectation is for the economy to grow at an inflation-adjusted 5.9 percent this year, down from an expectation for seven percent growth at the June meeting.
The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is maxed out. Consumer sentiment is down heavily. Real estate continues to increase in price right now as we see low interest rates keep this going. There is upward pressure on markets right now globally because of the inflation of the money supply. As a result, we are finding prices of just about everything being higher. Money, cash, debt is coming into the markets at this time finding its way into stocks, bonds, real estate. Social security is running out of money. Pension funds are not keeping up with inflation. Natural gas and crude oil prices are rising as well as all energy and food prices.