By Louis Navellier Last Wednesday, the Federal Open Market Committee (FOMC) cut key interest rates 0.25% for the third time this year, as expected, and also lowered its inflation forecast for 2026 to a 2.4% annual pace, down from 2.6% previously, and raised its 2026 GDP forecast to 2.3%, well above its previous 1.8% forecast. […]
Tag: Federal Reserve System
The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.
