PYMNTS

JANUARY 18, 2019

While the Fed has hinted that it has been adjusting its U.S. 18) that the shutdown has become a hindrance for the economy, Financial Times reported. As it stands, White House economists who forecasted that the work not being completed by 380,000 furloughed federal workers could reduce gross domestic product ( GDP ) by 0.08

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Shutdown Fed Federal Reserve Economy 49

PYMNTS

JANUARY 29, 2019

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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Shutdown Federal Reserve Economy Fed 46

PYMNTS

FEBRUARY 21, 2019

Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. One tell comes from the minutes taken at the Federal Reserve’s most recent meeting, which in turn show that rate hikes may not be a sure thing. percent to 2.5 percent.

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Fed Federal Reserve Shutdown Participant 43

PYMNTS

MAY 15, 2020

The result represents the largest monthly drop reported since the start of formal records in 1992, and the seasonally adjusted total dollar amount spent on goods dropped back to a level not seen since 2013. Others heavily impacted by the shutdown and economic slowdown include electronics and appliances sellers, with sales down 60.6

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Federal Reserve Shutdown Consumer Economy 92