Powell Sees Few Risks Likely to Derail Longest U.S. Expansion
Federal Reserve Chairman Jerome Powell called the U.S. economy a “star” performer and voiced solid confidence that its record expansion will stay on track.
Fed chief Powell says ‘sustained expansion’ likely for U.S. economy
U.S. central bankers see a “sustained expansion” ahead for the country’s economy, with the full impact of recent interest rate cuts still to be felt and low unemployment boosting household spending, Federal Reserve Chair Jerome Powell said on Wednesday in remarks that brushed aside any worries of a looming slowdown.
Germany’s economic pain is here to stay
It was meant to be a fleeting slowdown for Europe’s economic powerhouse, followed by a rapid rebound.
Goldman says there are three big stock buyers that will keep the rally going
The S&P 500 surged to a new all-time high on Monday, and Goldman Sachs says the bull market will keep on rolling into 2020 on the back of three big buyers: corporations, foreign investors and US households.
JP Morgan says the market is doing so well, it could hit the firm’s 2020 forecast this year
Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early.
U.S. Companies Preparing for Long-Term ‘Confrontational Relationship’ With China
U.S. companies are preparing for tensions with China to extend far beyond the status of the continuing trade discussions, an executive for the U.S.-China Business Council said Monday.
Robert Shiller: Recession likely years away due to bullish Trump effect
Nobel-prize winning economist Robert Shiller believes a recession may be years away due to a bullish Trump effect in the market.
The hard data says the US economy is just fine
One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession.
Goldman Sachs: The economic run is not over and the US ‘is not close to recession’
A slew of weak economic data last week fueled fears of a recession, but Goldman Sachs said Monday the U.S. is still not close to a downturn.
Loretta Mester says consumers are holding up the economy, even as trade issues weigh it down
It’s trade policy, not Fed policy, that’s slowing economic growth, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC on Friday.