Yellen Says Yield Surge Is Due to Strong Economy, Not Deficits
Viktoria Dendrinou, Christopher Condon, and Margaret Collins Bloomberg October 26, 2023 Treasury Secretary Janet Yellen said the surge in longer-term bond yields in recent months is a reflection of a strong US economy, not the jump in government
US PREVIEW: Third-Quarter GDP to Blow by Consensus Estimate
Eliza Winger Bloomberg October 25, 2023 A frenzy of summer spending on travel and entertainment drove real GDP growth to an unsustainable pace in the third quarter. A narrowing trade deficit and modest build up
Wall Street rises as upbeat earnings, forecasts lift sentiment
Shubham Batra and Shashwat Chauhan Reuters October 24, 2023 Wall Street's main stock indexes advanced on Tuesday as upbeat forecasts from Verizon, Coca-Cola and others boosted optimism about corporate America's health in the face of
The Economy Was Supposed to Slow by Now. Instead It’s Revving Up.
David Harrison The Wall Street Journal October 23, 2023 Earlier this year, economists and Federal Reserve officials predicted that the U.S. economy would be sputtering by now as higher interest rates cut into spending and
US Retail Sales Top Forecasts in Sign of Durable Consumer Demand
Augusta Saraiva Bloomberg October 17, 2023 Increase in household purchases spans variety of categories Data bolster already-robust economic growth in third quarter US retail sales increased in September by more than forecast in a broad
A Recession Is No Longer the Consensus
In WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates Harriet Torry and Anthony DeBarros The Wall Street Journal October 15, 2023 Economists are turning optimistic on the
Wall Street Is Marking Up Forecasts as Profit Downturn Nears End
Jessica Menton Bloomberg October 11, 2023 Strongest upward revisions ahead of earnings since early 2022 Shows hopes for ‘Goldilocks scenario’ after Fed’s rate hikes Wall Street analysts are boosting US earnings forecasts even before results
Summers Says ‘Energizer Bunny’ Economy Signals Fed Hikes Failing
Christopher Anstey Bloomberg October 6, 2023 Ex-Treasury chief says Fed hikes may not be working as in past Summers says supply-demand imbalance helping drive yields up Former Treasury Secretary Lawrence Summers said the surge in US job growth last
Underlying US inflation pressures subside in August
Lucia Mutikani Reuters September 29, 2023 Consumer spending increases 0.4% in August Core PCE price index gains 0.1%; up 3.9% year-on-year Underlying U.S. inflation pressures moderated in August, with the annual rise in prices excluding
The Fed’s New Dot Plot After Its September Policy Meeting: Chart
Vince Golle Bloomberg September 20, 2023 The Federal Reserve’s so-called dot plot, which the US central bank uses to signal its outlook for the path of interest rates, shows the median year-end projection for the