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Correction Retail sales rose .2% in December which seems small, but was actually double the forecast following a major sales drop in autos though vehicle sales have hit their highest point since 2007. Holiday sales were up 3.8% which was below analyst’s forecasts, but higher than the 3.5% of last...
What is The Fed? The Fed is the central bank of the U.S. whose objectives are to maximize employment, stabilize prices, and moderate long term interest rates. They have expanded to overseeing the nation’s monetary policy (raising or lowering interest rates), supervising and regulating banking institutions, maintaining the stability...