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U.S Economic Outlook after last FOMC Meeting

April 8, 2015 9:42 am

Chair Yellen noted in the press conference of FOMC meeting on 17-18 March, 2015, that incoming Q1 data pointed to softer growth than recent quarters and that growth projections were generally reduced due export weakness and further says that the Labor market needs improvement, last ADP Employment Report and Nonfarm Payroll in negative i.e. the clear sign of weaker employment, the unemployment rate is now 5.5%, the Federal Reserve wants 5%. Not all sectors of the economy are doing well, because the main economic indicator GDP is still, highest rate of dollar is hurting exports. If the housing sector improves then wage growth also improve. Can the economy thrive without low interest rates? Janet Yellen said the economy is still, weak if compare with previous historical standards, after recovery of financial / economy sectors interest rate try to increase. The Federal Reserve not increase interest until the inflation reach to Fed target 2%, Janet Yellen said in the last FOMC meeting press conference. The present economy outlook of U.S:

  • Fed Interest Rate Decision 0.25%
  • Retail Sales (MoM) -0.60%
  • Trade Balance $-35.4B
  • Unemployment Rate 5.50%
  • Producer Price Index (MoM) -0.50%
  • Consumer Confidence 101.3
  • Gross Domestic Product Annualized 2.20%
  • Consumer Price Index (MoM) 0.20%
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