BOSTON FED’S ROSENGREN Q&A: DISTRESS AHEAD FOR HEAVILY LEVERAGED
–Pandemic Likely To Be A Bigger Financial Distress Problem NEW YORK (MaceNews) – Boston Federal Reserve Bank President Eric Rosengren opposed the pre-crisis rate cuts and now he is being proven right, the pandemic’s effects will be worse than otherwise because the Fed had less ammunition while some individuals and firms accumulated too much low-interest […]
US 2ND QTR GDP: TECHNICAL NOTE EXCERPTS
WASHINGTON (MaceNews) – The following are excerpts from the U.S. Bureau of Economic Analysis technical notes which accompany Friday’s report on second-quarter GDP: GDP increased 2.1 percent (annual rate) in the second quarter of 2019, following an increase of 3.1percent in the first. The increase in second quarter real GDP primarily reflected increases in consumer […]