AP Market News Flash | Sept. 16, 2020
The U.S. Federal Open Market Committee (FOMC) left the target range for the federal funds rate at 0-0.25 percent, in line with the futures’ market expectations. The committee noted that the ongoing health crisis represents short- and medium-term risks to the economic outlook, although it did point out the recent improvement in economic data. The target interest rate range is expected to remain at this level until the committee is confident that the economy has weathered the s
Thought Leadership: What is the GDP Impact of Free Technology?
From search engines to GPS, the mark of this latest iteration of technological evolution is that so much innovation is made available to consumers for free. Despite the advent of companies like Google, Uber and Facebook, economic growth has been below trend for the last decade or more. Increasingly, economists are beginning to ask the question, “Is GDP, which measures the value of products and services sold and bought, being underestimated by the widespread use of free techno
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