All Posts Tagged: Federal Reserve

Panic Hits Wall Street

Scott Anderson
Chief Economist

Financial markets have gone from irrational exuberance over the last four months to panic in the short space of a week and a half.

At the time of this writing the U.S. equity market has lost about 15% of its value from the record highs reached just nine days ago and has drop about 13% in the last five trading days. To give you a sense of the panic in the air around the coronaviruss’ potential impacts on the global economy and corporate profits, one only needs to glance at the VIX index.

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U.S. Outlook: Will Conventional Wisdom Hold? Next Week is Pivotal

Scott Anderson
Chief Economist
A woman posting a help wanted sign.

Conventional wisdom on the strength and resilience of the U.S. expansion will be tested next week. Is the economy really headed for a soft landing?

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U.S. Outlook: Expect Another Fed Rate Cut

Scott Anderson
Chief Economist

The need for another quarter-point Federal Reserve interest rate cut at the end of October continues to increase. In fact, more cuts will likely be needed in the months ahead to stem the tide of slower U.S. and global economic growth.

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U.S. Outlook: Are Consumers About to Feel a Squeeze?

Scott Anderson
Chief Economist

We think it’s about to get harder for consumers in the quarters ahead. For now, they actually still feel pretty good about their current job and financial situation.

Consumer sentiment just hit a three month high in October, according to the University of Michigan Survey. Indeed, U.S. households still have a lot going for them. The U.S. unemployment rate just hit a 50-year low.

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