Date: August 14, 2018 United States: Investors Haven’t Been This Bullish on U.S. Stocks Since 2015 The bull run that has taken U.S. equities to record highs this year may be about to reach its peak, according to the latest survey of fund managers by Bank of America Merrill Lynch. Allocations to U.S. stocks jumped 10
Date: August 13, 2018 United States: Fed Dove Evans Veers in Hawkish Direction Over Rate Outlook The Federal Reserve may need to raise interest rates to “somewhat restrictive” levels to combat the effects of recent fiscal stimulus on the U.S. economy, said Chicago Fed President Charles Evans in hawkish comments from one of the central
Date: August 10, 2018 United States: U.S. Consumer Prices Rise; Core Posts Biggest Gain Since 2008 U.S. consumer prices rose in July, with a gauge excluding food and fuel costs posting the biggest annual gain since 2008, underpinning expectations that the Federal Reserve will raise interest rates next month. The consumer-price index rose 0.2 percent
Date: August 9, 2018 United States: U.S. Oil Vanishing From China Tariffs Reveals American Clout The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months after threatening to impose levies on imports of U.S. crude,
Date: August 8, 2018 United States: Banks After Tax Cuts: Loan Growth Slows and 3,200 Jobs Disappear Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So how are the nation’s largest financial institutions treating employees, customers and investors? Twenty-three firms deemed most important by the Federal
Date : August 7, 2018 United States: U.S. Trade Deficit Widened in June for First Time in Four Months The U.S. trade deficit grew in June for the first time in four months as imports increased and the value of shipments overseas declined against a backdrop of escalating tensions with America’s trading partners. The gap widened
Date: August 3, 2018 United States: Fed Describes Economy as ‘Strong’ for the First Time Since 2006 So long, modest, moderate and solid. Strength is making a comeback. The Federal Reserve described economic activity as “strong” in Wednesday’s statement, the first time it’s done so since it called it “quite strong” in May 2006 --
Date: August 2, 2018 United States: Fed Leaves Key Rate Unchanged With Economy Growing at ‘Strong Rate’ Federal Reserve officials left U.S. interest rates unchanged and stuck with a plan to gradually lift borrowing costs amid “strong” growth that backs bets for a hike in September. Economic activity has been “rising at a strong rate,”
Date: July 31, 2018 United States: Treasury Sees Second-Half U.S. Borrowing at Most Since 2008 The Treasury Department predicted the U.S. government’s borrowing needs in the second half of this year will jump to the most since the financial crisis a decade ago as the nation’s fiscal health deteriorates despite a strong economy. The department
Date: July 30, 2018 United States: Powell to Duck Trump Jabs and Let Economy Justify Fed Rate Pause President Donald Trump is casting a long political shadow over this week’s meeting of the Federal Reserve. No increase in interest rates is expected when officials gather on Tuesday and Wednesday in Washington, according to pricing in
