The Federal Reserve’s Federal Open Market Committee (FOMC) made some noteworthy changes to its economic outlook at last week’s meeting, revising its forecast of personal consumption expenditures (PCE) to 1.5 percent for 2019 and 1.9 percent for 2020. The PCE is the standard measure used by the Fed for inflation excluding ag and energy. The March PCE forecast was 1.8 percent for this year and 2 percent for 2020. Of course, the Fed’s target for inflation is 2 percent. The downward revised forecast is therefore a precursor to the FOMC considering a rate cut to bump inflation up to that target. The June meeting was a dot-plot meeting, which involves the Fed releasing a chart of the members’ outlook on future interest r...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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From WPI Consulting
Like all marmots
An adult Vancouver Island marmot typically measures 65 to 70 centimetres (26 to 28 in) from the tip of its nose to the tip of its tail.