Tag: United States of America

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U.S. Q1 2020 GDP contracts 5% (QoQ) but grows 2.1% (YoY) as COVID-19 hits economic activity

U.S. gross domestic product (GDP) contracted 5% in Quarter 1 (Q1) 2020 (vs Q4 2019) but grew 2.1% (vs Q1 2019) on back of economic activity being hit due to the spread of COVID-19. On a long-term average, the numbers aren’t really that bad but Q2 2020 will be far worse …

US Q1 2020 GDP Year on Year change 10 year bar chart

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U.S. Q3 2019 GDP growth estimated at 2.1% as personal consumption soars; Total Public Debt as Percent of GDP at highest ever level

U.S. real gross domestic product (GDP) increased at an annual rate of 2.1% in Q3 2019, according to the third estimate released by the Bureau of Economic Analysis. Revised GDP growth for Q2 2019 was 2%.

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The Federal Reserve has done the right thing by reducing its balance sheet and increasing interest rates to support a thriving economy, why reverse this now?

The Federal Reserve has unwound its balance sheet by 12% over the past year and reduced it to $3.81 trillion (from a peak of $4.5 trillion in 2017).

It has also increased interest rates since from 0.25% (range of 0% to 0.25%) in 2016 to 2.5% (range of 2.25% to 2.5%) now.

Continue reading “The Federal Reserve has done the right thing by reducing its balance sheet and increasing interest rates to support a thriving economy, why reverse this now?”