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Fed's Beige Book: "Overall economic activity rose slightly"

Calculated Risk

Fed's Beige Book Overall economic activity rose slightly since mid-January. Overall expectations for economic activity over the coming months were slightly optimistic. Multiple Districts cited job growth in health care and finance, while employment declines were reported in manufacturing and information technology.

Economics 194
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Fed Chair Powell: Economic Outlook "Uncertainty"

Calculated Risk

From Fed Chair Powell: Economic Outlook Despite elevated levels of uncertainty, the U.S. Recent Economic Data Economic growth The economy has been growing at a solid pace. Further, recent surveys of households and businesses point to heightened uncertainty about the economic outlook. GDP expanded at a 2.3

Economics 162
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FOMC Statement: No Change to Fed Funds Rate; "Uncertainty Increased"

Calculated Risk

FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. Uncertainty around the economic outlook has increased. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook.

Economics 262
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Are Tariffs a New US VAT Tax?

The Big Picture

The challenge is how to frame the current economic scenario in a way that is useful and informative and not the usual run-of-the-mill noise. 2) What will their impact be on economic activity and inflation? I didnt understand this as representing a significant threat to the established economic order. In a word, the U.S.

Taxes 304
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Wednesday: New Home Sales, Architecture Billings Index, Beige Book

Calculated Risk

At 2:00 PM, the Federal Reserve Beige Book , an informal review by the Federal Reserve Banks of current economic conditions in their Districts. During the day, The AIA's Architecture Billings Index for March (a leading indicator for commercial real estate).

Sales 261
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“Nobody Knows Anything,” Wall Street Strategist Edition

The Big Picture

This is true about equity and bond markets, specific company stocks, and economic data series. Or, as John Kenneth Galbraith observed, The only function of economic forecasting is to make astrology look respectable. ~~~ Public Enemy’s 13th album was titled “ Man Plans, God Laughs.”

Banking 346
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Lawsuits Pit Ameriprise, LPL in 'Economic War' Over Advisor Recruiting

Wealth Management

Separate lawsuits have LPL Financial and Ameriprise Financial battling over advisors leaving, claiming breach of contract and misuse of confidential client information.