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***jagibelieve*** · 08-26-2016, 01:33 PM

Quote:More bad news for this "booming" economy...

https://ca.news.yahoo.com/u-second-quart...iness.html

Want more of the same? Keep voting in those who can't run an economy...

Interesting considering Janet Yellen seems to think otherwise. She hints at a hike in interest rates, but I'll bet that rather than happening in September it's going to happen after the election (depending on who wins).

From the article that I linked from Yellen.

Quote:

In her speech, Yellen presented an optimistic view of the economy, providing a few hints about the path of future rate hikes.

<p class="" style="color:rgb(38,40,42);font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:15px;">“Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Yellen said, stressing that the economy is now nearing the Fed’s goals of maximum employment and price stability.

<p class="" style="color:rgb(38,40,42);font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:15px;">However, she did note that inflation remained weak, dampening the need to increase rates soon.

<p class="" style="color:rgb(38,40,42);font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:15px;">“[T]he FOMC expects moderate growth in real gross domestic product (GDP), additional strengthening in the labor market, and inflation rising to 2 percent over the next few years,” Yellen said.

There are 10 kinds of people in this world. Those who understand binary and those who don't.