Monday, April 30, 2018

The Four Numbers That Tell Our Economic Future

2.7%% is the rate at which the International Monetary Fund is expecting the U.S. economy to grow this year.

Global commodity prices are up enough to "Bear watching [and] ... put modest upward pressure on the inflation rate," according to the Lindsey Group.

If all of these bottlenecks set companies bidding for scarce materials and workers, the Federal Reserve Board's monetary policy committee just might decide that the two additional rate increases scheduled to follow March's rise might not be enough to control inflationary forces, and ink in a fourth rise.

That's the current interest rate on a typical 30-year mortgage in the United States.

Most economies have rather high levels of national debt, and are vulnerable to rising interest rates.

So let's hope that the cooling effect of 3% and 4.7% leaves growth closer to 2.7% in America, rather than the below-2% rate of recent years.

That the higher rate would contribute to maintaining global growth at 3.9%. Just jot down the four numbers and reach your own conclusions.

https://canadafreepress.com/article/netanyahu-outlines-evidence-of-irans-cheating-on-nuclear-deal 

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