Tag: Economic Performance/Indicators

Powell says ‘it will be a while’ before Fed taps the brakes on economy

Fed Chairman Jerome Powell returned to “60 Minutes” on Sunday to tell Americans that the economy is going to start growing strongly, but they shouldn’t...

Why gold’s biggest quarterly drop in 4 years doesn’t mark the end of its bull cycle

After suffering its biggest quarterly loss since 2016, gold stands as one of the few commodities trading lower this year, but prices still have room to run higher even if...

Dow set to rise over 200 points in stock market’s first trading day after Good Friday jobs report

Futures for stock benchmarks Monday morning headed higher, suggesting a solid open for equities in the first full week of April as U.S. investors get...

Opinion: Stock investors are being warned that reflation doesn’t always lift the market higher

Just a week ago Goldman Sachs increased its forecasted U.S. GDP growth rate for calendar 2021 to 8%, and since then the total U.S. stock...

Under $1.9 trillion stimulus bill, jobless Americans who earned less than $150,000 last year will save an average of $1,000 in taxes

This time, it’s different. Unlike the first two COVID-19 stimulus packages, the new $1.9 trillion stimulus package adds tax relief onto another round of federal...

Dow set to add modestly to record climb after weekly jobless claims hits 4-month low

Stock-index futures traded higher Thursday, signaling further gains for the Dow Jones Industrial Average a day after the blue-chip gauge closed at an all-time high....

Dow futures edge higher as investors await inflation data

U.S. stock-index futures were mixed Wednesday as investors kept an eye on bond yields and awaited inflation data that will show whether consumer prices are...

The U.S. economy is ready to surge again. So is inflation.

The U.S. added a robust 379,000 jobs in February, and the economy is primed to take off, but improved growth prospects might come with a...

Housing is a luxury? Here’s what the K-shaped recovery means for real estate

So it may be fitting that a K-shaped recovery from the COVID-induced downturn would be accompanied by an increasingly unequal housing market. What’s less certain...

Is the U.S returning to normal? Millions of Americans, still hurting from COVID-19, say their finances will take years to recover

As federal lawmakers debate an ambitious $1.9-trillion relief package and COVID-19 vaccinations numbers climb, it might be tempting to think the U.S. is returning to...

Dow clings to gain, but tech stocks slide while Beige Book shows only modest economic uptick

U.S. stock benchmarks mostly were lower Wednesday afternoon, as technology shares weighed down the S&P 500 and Nasdaq Composite, after bond yields spiked and weaker-than-expected...

Fed’s Daly says asset prices are elevated, but that should not drive interest-rate decisions

Asset prices are elevated more than they have been historically, but that is not something that should drive the Federal Reserve policy decisions, a top...

Opinion: Bond investors will have a stormy 2021 and the Fed might consider hiking rates by early 2022. But hyperinflation? Nope

The key to understanding the COVID-19 recession was in understanding that it was an exogenous shock. This made it quite different from your standard recession...

Opinion: Raise the minimum wage to $12 an hour

Democrats want to raise the minimum wage to $15 an hour to address inequality, but that might not be the best way to fix that problem. Conservative—and...

The economy is heating up again and it’s good news for millions of unemployed

The U.S. economy is accelerating again after a coronavirus speed bump at the end of last year, but what’s missing is a big increase in...

Turned 60 last year? Social Security has an unpleasant surprise for you

Future Social Security benefits could drop for people who turned 60 in 2020, analysts said, but the extent of the decline is still unknown.  There...

Opinion: Code red — here’s what it means for the stock market now that company insiders are selling shares

Now that WallStreetBets’ 15 minutes of fame is over, it’s all clear in the stock market, right? Maybe not. Right before the GameStop GME, -28.41%...

S&P 500 earnings recession set to end, as Q4 EPS swings to growth

The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time...

Tesla is in decline, SUVs are king, and more insights from the world’s largest electric-vehicle market

Europe overtook China in 2020 to become the world’s largest market for electric vehicles, amid a pedal-to-the-metal push to increase EV adoption from governments and...

GDP shows economy grew at 4% annual pace at the end of 2020

The numbers: The U.S. grew at a modest 4% annual pace in the final three months of 2020 as a record wave of coronavirus cases...

Think higher inflation is coming? The Fed will believe it when it sees it

Federal Reserve officials will meet this week just as prospects for fiscal stimulus get a big boost after Democrats won control the Senate. Some on...

Existing-home sales rise slightly, despite buyers’ struggles with falling inventory

The numbers: Existing-home sales beat analyst estimates and rose in December, even as inventory dropped once again to a record low. Total existing-home sales increased 0.7%...

Strong U.S. economic rebound will surprise markets and the Federal Reserve, says the best forecaster of 2020

The U.S. economy is at risk of contracting again in the next few months but should see a strong rebound beginning in the spring, says...

My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t?

Dear Moneyist, I have a question about the stimulus checks. I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine....

U.S. stocks close lower for the week after release of big bank quarterly results, Biden aid plan

U.S. stock benchmarks closed the week on a down note Friday, with the three major indexes registering their largest one week drop since October 30,...