President-elect Joe Biden intends to interrogate former Federal Reserve Chair Janet Yellen to function because his Treasury secretary, a movement that will place the very first girl and a veteran central banker to the country’s greatest economic policy job since the coronavirus pandemic threatens a second U.S. recession, people knowledgeable about the issue said. Back […]
Goldman Sachs is serving up some harsh projections just days before Thanksgiving. The bank cited “the rapid and broad-based resurgence of the coronavirus” as the main reason it was downgrading Q4 and Q1 GDP forecasts. Goldman now expects +3.5% and +1.0% annualized growth in Q4 and Q1 (+4.5% and +3.5% previously). Indeed, the worry is […]
The next President will inherit a market characterized by states we harbor ’t {} in our lifetimes. Permit ’s take inventory. Even the Fed’s {} centers around holding short-term interest levels , and maybe a very long stretch of the return curve, beneath the amount of inflation. Supercheap borrowing, the Fed reckons, can lure businesses […]