-- this post authored by Steven Hansen
The 03 May 2017 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was considerable discussion on when to raise the federal funds rate again:
... Several participants, however, pointed to conditions under which the Committee might need to consider a somewhat more rapid removal of monetary accommodation--for instance, if the unemployment rate fell appreciably further than currently projected, if wages increased more rapidly than expected, or if highly stimulative fiscal policy changes were to be enacted. In contrast, a couple of others judged that the Committee could withdraw monetary accommodation even more gradually than reflected in the medians of forecasts in the March Summary of Economic Projections, noting that slack might remain in the labor market or that inflation was not very sensitive to declines in the unemployment rate below its estimated longer-run normal level. .....
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The shortage of baking soda solution is hitting hospitals nationwide and life-saving operations are being put on hold, the New York Times reports. A hospital in Alabama recently postponed seven open-heart operations and one doctor said that he tried mixing his own solution to combat the deficit. Besides the baking soda medicine shortage, there are currently 50 different drugs in short supply, according to the FDA.
Infographic Of The Day: 5 Ways To Build Customer Loyalty According To Science
The fact is that 68% of customers leave because they feel brands do not care about them, and the cost of these lost customers can add up fast. It's estimated that acquiring new customers is 500% more expensive than keeping old ones. One way of looking at customer loyalty is to think about the underlying behavioral psychology.
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Written by Sig Silber
Ocean temperature anomalies this week are far less dramatic than last week. Perhaps this suggests less drama in the forecasts. We discuss again why we believe the calls for an El Nino are a bit bizarre. Mostly we discuss the current 6-10 Day, 8-14 Day and Week 3-4 forecasts for the U.S. which surprisingly are more controlled right now by the Atlantic and Gulf of Mexico than the Pacific. We also review the overall World situation.
24May2017 Market Update: Wall Street Relatively Quiet Ahead Of The Fed's Expected Interest Rate Hike, WTI Crude Slips Fractionally And The US Dollar Trading Sideways
by Michael Bret Hood
An Investigator's Guide To Ethics, Part 1
When you bring up the idea of ethics and compliance training in your organization, what kind of reaction do you get? Why do you think people react in the way that they do? In your opinion, do you believe current compliance and ethics training methods are effective?
Written by Gary
US stocks were mostly flat early on this afternoon, aiming for a fifth straight day of gains, ahead of the minutes of the Federal Reserve's latest meeting that could be a expected interest rate hike next month.
24May2017 Pre-Market Commentary: World Stocks Slip On China Downgrade, Ahead Of Fed Minutes Later Th
Written by Steven Hansen
The headlines for existing home sales growth declined saying "Demand is easily outstripping supply in most of the country and it's stymieing many prospective buyers from finding a home to purchase". Our analysis of the unadjusted data agrees.