NFIB Weekly News
World Economy Struggles To Escape Low-Growth And Low-Inflation. (01/29/2019)
The New York Times (1/27, Irwin) reported that new global data points to how “the era of persistently low growth, low inflation and low interest rates isn’t over after all” and that government banking agencies, such as the US Federal Reserve, European Central Bank, and the Bank of Japan, are now moving to adjust policies to reflect that reality. The Times stated that it expects the Federal Reserve to leave interest rates unchanged, but warns that the Federal Reserve will likely “discuss their broader strategy for making monetary policy, which may include keeping more of their giant portfolio of bonds...than analysts had once expected” because of how global economic weaknesses persist, despite signs of new economic strength in 2018.