Paul McCulley

Former Pimco chief economist Paul McCulley believes the Federal Reserve is likely to hold its rate hike cycle during its upcoming policy meet in May and said he disagrees with where the Fed funds futures are priced. What Happened: "I don’t think that the street at large, my old economic...

In a new blog post, former PIMCO chief economist Paul McCulley discusses his frustrations with today’s economists. McCulley’s most recent disappointment has to do with the community’s reaction to the surprisingly weak U.S. jobs report in May. Rather than focusing on the...

U.S. stocks declined as investors demonstrated concerns over recent escalations of violence in Iraq. Crude oil rose as a wave of violence has seen Mosul and Tikrit (two cities key to Iraq's oil industry) fall to insurgent forces. The Senate confirmed former Bank of Israel government...

Newly elected Ukrainian President Petro Poroshenko looked to be making good on his promise to quash the pro-Russian rebellion in the nation's eastern region after he ordered an airstrike in the Donetsk region. More than 50 separatist rebels have been reported dead with evidence of heavy...