Build Back Better Act Passes House…The U.S. House of Representatives passed the $1.85 trillion reconciliation bill, which now goes to the Senate. What it means— Representatives held off on voting ...
Week In Review – November 2 2021
GDP Growth Slowed to 2% in Third Quarter… After expanding at a 6.7% annualized rate in the second quarter, GDP growth slowed dramatically. What it means— The actual number split the difference ...
Week In Review – October 4 2021
Spending Measure Passes, But Remaining Debt Ceiling Issue and Taper Talk Sink Markets… The House passed a continuing resolution to authorize spending through December 3, avoiding a government shutdown ...
Week In Review – August 30 2021
Investors Study Fed Comments at Central Bank Symposium… Fed Chair Jay Powell made the opening comments at the event, which in the past has served as the venue for announcing major policy ...
Week In Review – August 2 2021
The Federal Reserve Held Monetary Policy Steady… The central bankers announced that they will hold rates at 0% to 0.25% and continue to purchase $120 billion in bonds each month. What it means— No ...