-
Fed Chair Powell Warns Of 'Unsustainable' US Debt Path, Downplays Risks Of Possible Trump Attacks On Central Bank Independence
Tuesday, July 2, 2024 - 11:52am | 1055At the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell emphasized a careful approach Tuesday to potential interest rate cuts and stressed the critical issue of the United States’ unsustainable debt path. Speaking on a panel with ECB President Christine Lagarde and Central...
-
Bank Of America Predicts First Rate Cut In December: 'Higher-For-Longer Flavor'
Friday, June 21, 2024 - 10:25am | 687Bank of America’s latest economic outlook for the U.S. paints a complex picture of steady but gradually fading economic growth, persistent inflation and a delayed start to the Federal Reserve’s rate cuts. The bank’s economist, Michael Gapen, emphasizes a “higher-for-longer...
-
IMF Expects Lower Interest Rates Unless Middle East Conflict Escalates: 'There Will Be Higher Inflation, Lower Output'
Tuesday, April 16, 2024 - 10:31am | 524The U.S. economy is projected to outshine its advanced counterparts in the coming years with a notable upward revision in its growth forecasts, according to the April 2024 World Economic Outlook. The forecast predicts a 2.7% growth for the U.S. in 2024 — an improvement by 0.6 percentage points...
-
David Rubenstein Predicts 3 Fed Rate Cuts, Emphasizes Trump's Election Prospects: 'He's A Serious Political Force'
Friday, January 19, 2024 - 10:27am | 654At the World Economic Forum in Davos, David Rubenstein, co-chairman of the Carlyle Group and renowned philanthropist, offered predictions on interest rate cuts and the U.S. political landscape for 2024, including Donald Trump‘s rising prospects in the upcoming presidential election....
-
Fed Beige Book Reveals Economic Slowdown Amid Rising Consumer Price Sensitivity
Wednesday, November 29, 2023 - 4:14pm | 610The Federal Reserve’s latest Beige Book, a collection of economic information collected by each Federal Reserve District up to Nov. 17, paints a picture of a slowing U.S. economy, with consumers displaying increasing price sensitivity. The report also highlighted a diminishing economic...
-
US Economy Primed For 2024 Rebound: Goldman Sachs Envisions S&P 500, Bond Surge As Inflation Pressure Eases
Wednesday, November 8, 2023 - 6:04pm | 550Typically, the last mile is often the most challenging when striving for significant rewards. However, for the U.S. economy grappling with inflation, the most challenging phase might already be behind us. The rosy picture comes from Goldman Sachs’ Macro Outlook 2024, led by a team of...
-
'Bonds In A Multi-Year Bear Market', Experts Sound Alarm On Further Rate Hikes As Oil Goes Haywire
Friday, September 15, 2023 - 1:02pm | 705Financial experts are sounding the alarm for the bond market, suggesting that interest rates are poised to scale even loftier peaks than today’s already elevated levels, all thanks to the economy’s remarkable resilience. Jim Bianco, president and macro strategist at Bianco Research, and...
-
Economic Outlook Depends On The Data Points You Believe
Tuesday, March 26, 2019 - 1:58pm | 1627COLUMBUS, Indiana. Is the economy moving forward or stalling? Depending on where you turn, it's easy to find a data point to support either thesis. Panelists at ACT Research's 60th Seminar on March 26, 2019, tried to answer that question during panel discussions at The Commons, in...
-
This Is Jack Welch's No. 1 Frustration
Thursday, June 2, 2016 - 11:29am | 249Jack Welch, the famed former CEO of General Electric Company (NYSE: GE) was a guest on CNBC's "Squawk Box" to discuss his outlook for the global economy. Welch started the conversation by stating that his "number one frustration" stems from the lack of global economic...