The Federal Reserve yesterday made an emergency cut to the federal funds rate, citing “evolving risks” stemming from the global coronavirus outbreak.
Tag: Jay Bryson
4th Quarter GDP Up 2.1%
Real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, unchanged from the third quarter, according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.
December Report Caps Solid Year of Jobs, Wage Growth
Total nonfarm payroll employment rose by 145,000 in December, slightly lower than previous months, the Bureau of Labor Statistics reported Friday.