March 5,2018 United States: Fed's Powell Says He Sees ‘No Evidence’ of Overheating in the U.S. Economy Federal Reserve Chairman Jerome Powell said he sees no signs the U.S. economy is overheating even as the outlook for growth strengthens and the labor market tightens. During congressional testimony Thursday, he reiterated the central bank will continue to
March 02,2018 United States: Stocks SINK, Bonds Rally on Trump's Metals Duties: Markets Wrap U.S. stocks plunged and Treasuries climbed Thursday after U.S. President Donald Trump promised to impose substantial tariffs on foreign metals, drawing a rebuke from a manufacturing industry group and the European Commission. The S&P 500 Index briefly fell below its 100-day
March 1, 2018 United States: U.S. Fourth-Quarter Growth Revised Down to 2.5% Annual Pace The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Wednesday. The latest results for GDP, the value of all goods and services produced in the U.S., show the
February 28,2018 United States: Powell's Rosy Outlook Invites Fed to Weigh Four 2018 Rate Hikes Jerome Powell opened the door to the Federal Reserve raising U.S. interest rates four times this year as he acknowledged stronger economic growth may prompt policy makers to rethink their plan for three hikes. “My personal outlook for the economy
February 27,2018 United States: Fed's Quarles Raises Hope for Faster, Sustained U.S. Growth Pace Federal Reserve Governor Randal Quarles offered an optimistic view of the U.S. economy, suggesting it may be on the cusp of a sustained period of faster growth and reaffirming his support for “gradual” interest-rate increases. “Some of the factors that have
February 26,2018 United States: Powell May Accept Inflation Overshoot to Extend U.S. Expansion Federal Reserve Chairman Jerome Powell and his colleagues may be willing to accept inflation rising as high as 2.5 percent as they seek to extend the almost nine-year economic expansion. So say a number of veteran Fed watchers who argue that the
February 23, 2018. United States: Equity Investors Fleeing Wall Street Are Turning to Europe Tempted in buying the dip? OK, just maybe not the one in U.S. stocks. While Wall Street is still reeling from its first 10 percent correction in two years, U.S. equity funds continue to suffer outflows, according to Bank of America
February 21,2018. United States: U.S. Stocks Fall With Treasuries, Dollar Climbs: Markets Wrap U.S. stocks halted a six-day rally as disappointing results from Walmart Inc. weighed on major indexes as the dollar pushed higher. Treasuries fell amid a heavy slate of U.S. debt issuance, with short-end auctions drawing some of the highest yields in almost
February 20,2018 United States: Dollar Rises With Treasury Yields; Stocks Struggle: Markets Wrap Treasuries fell, with investors driving the benchmark yield up to the highest level in four years, as the dollar advanced with oil futures in New York. European shares erased earlier gains and U.S. futures slipped. Debt investors appeared to be trading with
February 19,2018 United States: U.S. Treasury Official Says Economists Lowballing Tax-Cut Impact Economists are underestimating how rapidly the U.S. economy will grow from tax cuts that are encouraging companies to invest and create jobs, a senior Treasury official said. “Despite the stock-market volatility, the economy is enjoying a period of relative strength and prosperity in
