Finance Geek

It may be hard for readers of newspapers other than The Wall Street Journal to believe, but there really is a segment of the professional journalism community that believes in free enterprise. Each year, for the past 10 years, they have been coming together from all over the world to honor the best among them at the annual Bastiat dinner in New York, sponsored by the International Policy Network.
Recently renamed the Bastiat-Hoiles Dinner after generous donors added a Hoiles Prize for excellence in U.S. Journalism, the event is a veritable who’s who of journalists, editors, and…

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Federal Reserve policymakers met last week and again lowered their forecast of economic growth, while upping their 2012 employment forecast.
Earlier this year, at their April meeting, members of the Federal Open Market Committee (FOMC) released their central tendency forecast of real GDP growth for the fourth quarter of 2012 over the fourth quarter of 2011. It amounted to a mid-point of 3.85 percent. At their June meeting they lowered that 2012 estimate to 3.5 percent. At last week’s meeting the economic growth forecast was again reduced, this time to 2.7 percent.
The revisions in the…

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