Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
The U.S. Federal Reserve downgraded the outlook for the U.S. economy through 2014 and highlighted concerns that led the Fed to continue the pace of stimulus.
The Fed said the economy would grow from 2 to 2.3 percent this year down .3 from previous predictions. Next year’s growth is predicted to be a “barely healthy” 3 percent.
Most economists were surprised by the Fed’s announcement that they would be continuing the $85 billion a month bond purchase program. Predictions had been the Fed would make a slight reduction to the program that keeps long-term interest rates low.
The Fed did predict improvement in the unemployment rate that currently stands at 7.3 percent. Policymakers believe unemployment could fall as low as 6.4 percent in 2014.
