The U.S. Economy Keeps Defying the Recession Odds
It’s impressive how well the U.S. economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened risk of recession in 2019 or 2020.
China Financial Warning Signs Are Flashing Almost Everywhere
From rural bank runs to surging consumer indebtedness and an unprecedented bond restructuring, mounting signs of financial stress in China are putting the nation’s policy makers to the test.
U.S. consumer spending increases steadily; inflation muted
U.S. consumer spending rose steadily in October, suggesting the economy will probably maintain its moderate pace of growth in the fourth quarter.
Tiny Tax Moves Can Save You Big on Medicare Premiums
Now is a good time for higher-earning Medicare recipients to check whether a small reduction in this year’s income could make a big difference in future premiums.
Goldman says political gridlock to propel stocks in 2020: ‘United we fall, divided we rise’
Goldman Sachs told clients on Monday that the longest bull market in modern U.S. history will continue in 2020 and mark its 11th anniversary in part thanks to an expected political stalemate in Washington.
US consumer sentiment comes in higher than expected for November
Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan.
Goldman sees the economy surprising in 2020 and these stocks benefiting most from the rebound
Cyclical stocks, those typically tied to economic growth, have led the record-setting rally in the past three months.
Credit Suisse sets 2020 S&P 500 target, sees another banner year led by tech and banks
Credit Suisse Chief U.S. equity strategist Jonathan Golub says the broad market index should rally nearly 10% from current levels by the end of 2020.
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.