Tag: forecasts
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Stock market strategist David Rosenberg gives the Fed no credit — and no mercy
[ad_1] It’s said that you don’t know an economy is in a recession until it’s in one. Or as David Rosenberg puts it: “Recessions are like an odorless gas. They sneak up on you.” These days, Rosenberg is looking for fresh air. A former chief North American economist at Merrill Lynch and now president of…
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Opinion: The Fed’s mission impossible: Drive the economy from the back seat
[ad_1] The U.S. Federal Reserve is talking up rate-hike expectations even when inflation and threats to inflation are slowing markedly. Investors should recognize that the Fed has a poor forecasting record and officials are likely to relent on their hawkish rhetoric as inflation subsides. In 2013, then-president of the Minneapolis Fed, Naryana Kocherlakota, used a pithy…
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RBA stands pat on rates to assess economic outlook
[ad_1] SYDNEY–The Reserve Bank of Australia left official interest rates on hold Tuesday saying that the decision gives it time to further assess the mixed economic outlook. The official cash rate remained at 4.10%, with economists split ahead of the policy meeting on whether the RBA would tighten further or remain on the sidelines. “Interest…
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Alibaba, other tech stocks drop as Goldman downgrades China growth forecast
[ad_1] Some of China’s biggest tech names fell on Monday, weighed by concerns the government may not provide enough stimulus with Goldman Sachs becoming the latest Wall Street bank to cut its growth forecasts for the world’s second-largest economy. Shares of video-sharing platform Bilibili Inc. 9626, -5.23% BABA, -0.11% slumped 5.2% in Hong Kong, while…
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A Fed skip? Pause? Either way, investors aren’t likely out of the woods yet.
[ad_1] Maybe not. Even if the Federal Reserve skips an interest rate hike at its June 13-14 meeting and opts to pause awhile to give 5% benchmark rates more time to slow the economy and reduce inflation, stocks and bonds still face many challenges. “I’m aggressively neutral on our equity outlook,” said Elizabeth Burton, chief…
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Opinion: U.S. taxpayers are paying for yet another manufactured debt-ceiling crisis.
[ad_1] In what has become a predictable cycle, policymakers meet under pressure to raise the “debt ceiling,” the legal limit on the amount of debt the federal government can accumulate. In spite of the frequency with which this situation occurs, discussion around the debt ceiling is often shrouded in confusion. Why does the United States…
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Is the labor market too hot for the Fed? Some economists say no.
[ad_1] Some economists are drawing the battle lines between the Federal Reserve’s rate hikes and future U.S. economic growth. The U.S. created 253,000 new jobs in April, surpassing the 180,000 forecast by economists polled by the Wall Street Journal. Meanwhile, the unemployment rate fell to 3.4% from 3.5%, the government said Friday. “While there… [ad_2]…
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Fed’s Williams says inflation is slowing and labor market is cooling
[ad_1] The latest economic data seems to be breaking the Federal Reserve’s way, with cooling of both inflation and the labor market, according to New York Fed President John Williams on Wednesday. In an evening speech to a group of bond-market experts known as the Money Marketeers of New York University, Williams said the most…
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First-quarter GDP looks pretty good. The rest of the year doesn’t look so hot.
[ad_1] The U.S. economy got off to a surprisingly good start in 2023, but growth appears set to falter in the rest of the year as higher interest rates take a big bite. Before the first quarter, many economists were predicting little to no growth. But fueled by an early surge in consumer spending, gross…