Reports on monetary policy decisions, borrowing costs, and economic impacts. The Daily Signal includes commentary and opinion on fiscal and financial issues.
The Congressional Budget Office released its annual 2015 Long Term Budget Outlook today, including the economic assumptions on which that outlook relies. Setting aside the report’s confirmation of rapid growth in federal spending and a daunting fiscal outlook, the report contains some noteworthy changes in economic assumptions that affect the future budget outlook. For starters,…
U.S. employment growth has recently accelerated, and the Federal Reserve is winding down its program of buying U.S. Treasuries with expectations of raising interest rates as soon as early next year. Yet the yield on the benchmark 10-year Treasury note has fallen from 3 percent at the end of 2013 to approximately 2.5 percent today….