Posted on 04/02/2015 10:23:48 AM PDT by therightliveswithus
The Atlanta Federal Reserve Bank appears to be betting against the American economy. The branch believes that the national economic growth rate has fallen dramatically. Blaming the downgrade on issues such as harsh weather, the projected growth rate has been slashed several times already, now down to zero.
First quarter growth has slipped from an already anemic near 2.0% continually down. This comes as Americans have more money to spend from falling gas prices. Many factors are going into the decision, which mirrors similar moves during previous winters.
The Fed believes that much of the slowdown is due to the dramatic resurgence of the dollar, which has made exports more difficult.
But the greatest headwind appears to be the strong U.S. dollar. It makes American goods more expensive to people overseas, and is also problematic for U.S. companies trying to bring their profits from abroad back home. They lose money on the currency exchange.
The Fed appears ready to forecast increased growth in later quarters. It is unclear how the slow first quarter will affect later in the year.
I hope Obama is watching CNN today so he can find out?
He'll be MSNBC's last viewer when they ask him to turn out the lights.
Yeah
Obammy’s bad news is always “unexpected”.
Great job u b doing there half breed
I would expect negative growth but 0 is appropriate for 0
“Harsh winter”?
Ohhhhh.....the Democrat Blizzard of 2008.
“O” is one stupid SOB.
With HALF the failures THIS guy has chalked up, any OTHER politician would go hide somewhere.
Not “O”.... he is still mugging for the camera, AS IF America was on top if its game!
What a f^%*ing moron!
They might try looking in that big white house in Washington for the source of the problem.
He may catch it on espn.
Hey, at least his fiscal achievements match his campaign logo.
92 million or so unemployed should have suggested something.
Meanwhile, conscientious little folk who would like to save for the future and retirees who would like interest on their savings they were promised will continue to get 0% interest on savings.
Fascism *ucks.
Boy, that global warming is just destroying our economy, huh?
“The Fed appears ready to forecast increased growth in later quarters. It is unclear how the slow first quarter will affect later in the year.”
Like a forecast matters.
We are totally in the crapper... almost all of us. We are a dying economy.
20 years ago you could get 8% on deposits... that is long gone.
The population continues to grow, so the per-capita GDP is negative.
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