A Weaker Than Expected Preliminary GDP Report
In hisDaily Market Notes report to investors, while commenting on preliminary GDP, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more FOMC StatementThe biggest news this week, was the Federal Open Market Committee (FOMC) statement on Wednesday, which said that “progress” had been made towards meeting its goal and that it would continue its $120 billion per month in quantitative easing until “substantial further progress.” Essentially, the FOMC kicked its “tapering” decision down the road, but admitted it would address tapering later this year. Translated from Fedspeak, tha...