BANKOFAMERICA GLOBAL FUND MANAGER SURVEY: INVESTORS UPBEAT, ADD TO RISK IN DECEMBER
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors remained upbeat about world growth prospects and added to risk positions in December, according to the BofA Global Research monthly fund manager survey, released Tuesday. “In the past two months, FMS investors have priced out recession risks,” BofA said. Since October, “global growth expectations jumped a […]
WHITE HOUSE WATCH: ‘POLITICS DOESN’T CORRUPT PEOPLE, PEOPLE CORRUPT POLITICS’
By Denny Gulino THE WHITE HOUSE (MaceNews) – With her words Tuesday, “Politics doesn’t corrupt people, people corrupt politics,” Judge Amy Berman Jackson answered all those cynics who see the process of self government somehow an inherently flawed endeavor, a path to personal perdition, not noble public service. It’s a sentiment that’s specially timely for […]
BOSTON FED'S ROSENGREN: MAY NEED TO START WEIGHING RATE INCREASE IN SPRING
By Jerry Kronenberg NEW YORK (MaceNews) – Boston Federal Reserve President Eric Rosengren said Tuesday that the U.S. economy faces neither recession nor problem inflation, but that the Fed might need to consider tightening credit next spring to keep markets from taking on excessive risks. “Part of the way that monetary policy works is that […]
NY FED: REGIONAL ECONOMY SLOWING DUE TO TIGHT LABOR MARKET, TRADE UNCERTAINTY
NEW YORK (MaceNews) – Labor shortages and uncertainty linked to global trade have combined to slow the regional New York economy, the New York Fed said Tuesday. Job growth in nearly every metro area in the tri-state metro region “has slowed noticeably over the past year, with little if any employment growth in upstate New […]
FED'S KAPLAN: RATES ON HOLD IN 2020
NEW YORK (MaceNews) – Dallas Fed President Robert Kaplan, a voting member of the Federal Open Market Committee in 2020, Tuesday said interest rates are fine where they are and are likely to remain on hold next year. “I think the appropriate path of policy is to stay where we are,” Kaplan said during an […]