Economy 52,884 Posted July 25, 2015 Share Posted July 25, 2015 http://mobile.nytimes.com/2015/07/25/business/fed-says-it-mistakenly-published-a-confidential-economic-forecast.html?_r=0&referrer= The US Federal Reserve Accidently released information that was suppostu remain confidential until 2021. A staff member noticed the mistake The released information showed non-senior members (the members not in charge of deciding monetary policy such as interest rates) were far more pessimistic about the US economy than the policy makers who make their information and forecasts public. Link to post Share on other sites More sharing options...
Luc 4,776 Posted July 25, 2015 Share Posted July 25, 2015 What makes them so pessimistic, though? Link to post Share on other sites More sharing options...
Economy 52,884 Posted July 25, 2015 Author Share Posted July 25, 2015 What makes them so pessimistic, though?doesnt say... The leaked infor cant be seen with just any ordinairy computer anyway many are still pessimistic on US economy because despite falling unemployment, many issues remain that raises doubts - too many jobs created during recovery have been low paying part-times. Unemployment may have fallen but job quality has been pretty poor for many of the jobs... - Interest rates are still at 0% for almost 7 years now and growth above 2.5% seems impossible to attain year after year. If with rates at 0% for so long you can barely attain moderate growth, how will the economy manage when you take off the low interest rate support? US student det is dangerously high. Debt levels of those under 30 is worryig because thats the generation due to buy homes soon and make big purchases like family cars etc. Strangling student debt can delay household formation - US Government debt though not as bad as that of Japan or Southern Europe for instance, it is high enough to be a drag in years to come as spending will have to be restricted and taxes possibly raised - Like in most of developed world population is aging. Not only is labor force participation rate dropping and more people retiring reducing maximum productive capacity of economy, but healthcare costs are forcast to baloon. In fact after 2017 budget deficit is due to start rising again whether economy is healthy or not on social and healthcare costs alone Link to post Share on other sites More sharing options...
Shadow 6,697 Posted July 25, 2015 Share Posted July 25, 2015 Did these Fed people leak this themselves? Could this affect the stock market? Stand in the light, cast your shadow. Link to post Share on other sites More sharing options...
Economy 52,884 Posted July 25, 2015 Author Share Posted July 25, 2015 Did these Fed people leak this themselves? Could this affect the stock market?it doesnt specify. But it seems as tho it cant be seen by just anyone Link to post Share on other sites More sharing options...
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