Sunday, March 19, 2017


  • At its policy meeting on March 15, 2017, the Fed increased the benchmark interest rate, known as the federal funds rate, by 0.25%, or 25 basis points. The rate is now 0.75–1.00%, or 75–100 basis points. 

  • The Producer Price Index for final demand increased 0.3% in February. Final demand prices rose 0.6% in January and 0.2% in December. In February, the final demand services index increased 0.4% and prices for final demand goods moved up 0.3%. 

  • Australian Bureau of Meteorology said that there was an "increased chance" of El NiƱo occurring this year, with six of the eight prediction models suggesting thresholds may be reached by July. 

  • (Economist) The number of American oil rigs has risen to 617 from 386 a year ago. 

  •  One in four Americans believe we are living in the end times.

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