With growth in the US stuck in low gear and with headwinds at home and especially from abroad still front and center, the Fed has chosen to keep rates exceptionally low for now not only "an extended period of time," but through at least the end of 2014, if not beyond ( Read more... )

Data: US hiring was strong and firing was very few in December

New estimates just released from ADP suggest that the number of new jobs created last month may have been double what was expected. Plus, the four week moving average of initial jobless claims fell to to its lowest level in three and a half years during the month.

From Econoday.com
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The Austin, Tx. based Hoisington Investment Management Company states: The economy “is worse off today than it was prior to the onset of the previous recession" and now expects that "negative economic growth will probably be registered in the U.S. during the fourth quarter of 2011, and in subsequent quarters in 2012."

While forecasts for an ( Read more... )

Does the Federal Reserve believe that Round II of the 2007-20?? Global Financial Trainwreck is now unfolding?

CNBC
Fed Leaves Market In Gloomy Mood - What Will Break It?

The Fed's gloomy words on the economy left the market with a sinking feeling that's likely to spill into Thursday ( Read more... )