By Megan Henney Published April 30, 2019 The Fed FOXBusiness Facebook Twitter Comments Print video Don't see a recession at least in the next couple years, the US economy is strong: Calamos CEO Calamos CEO John Koudounis on the outlook for the U.S. economy, Federal Reserve policy and the state of the markets. The Federal Reserve is widely expected to leave interest rates unchanged during its two-day meeting this week, as policymakers look to strike a balance between the U.S. better-than-expected GDP report last week and overarching fears about global economic growth. Continue Reading Below Most economists anticipate the U.S. central bank will keep the benchmark federal funds rate at 2.25 percent to 2.5 percent. “It’s going to be a little bit more non-event this time, as we sort of get used to what the more-patient Fed is going to look like here,” Michael Reynolds, the investment strategy officer at Glenmede, told FOX … [Read more...] about What to expect from the Fed’s meeting this week
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By Howard Schneider WASHINGTON (Reuters) - As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars. The "swap lines" that the Fed quickly approved helped ease intense financial stress in foreign markets, but also showed the U.S. central bank was prepared to stand behind the global system. Would an "America First" Fed do the same? The question is suddenly relevant for global economic officials and central bankers after moves by President Donald Trump to put two strong partisans on the Federal Reserve board. Both economic commentator Stephen Moore and businessman Herman Cain have been critical of Fed policies, and Moore in particular has opposed the extraordinary measures employed to stabilise the economy through the deepest crisis since the Great Depression. Should Trump shape a Fed that answers first to his politics, it could roil the landscape … [Read more...] about Would a political Fed rescue the world?
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | On Politics: Republicans Put the Squeeze on Steve King Supported by Jan. 16, 2019 Good Wednesday morning. Here are some of the stories making news in Washington and politics today. _____________________ • One day after House G.O.P. leaders stripped Representative Steve King of his committee assignments, Republicans began pushing him toward the exit and created a “super PAC” aimed at unseating him in 2020. The House also voted nearly unanimously to endorse a resolution that rejected white nationalism and white supremacy as “hateful expressions of intolerance that are contradictory to the values that define the people of the United States.” • William P. Barr, President Trump’s nominee for attorney general, assured senators at his confirmation hearing that he would … [Read more...] about On Politics: Republicans Put the Squeeze on Steve King
If history is any guide, investors can look forward to some good news after the polls close Tuesday: A stock market rally. Every midterm election over the past 60 years has been followed by a rise in stocks, sometimes called a "relief rally," market research shows. Over the past 50 years, the S&P 500 has jumped an average of 16 percent following a midterm election, according to Capital Economics. John Lynch, chief investment strategist at LPL Financial Research, crunched the numbers for the 18 midterm elections since 1946. In each case, the S&P 500 (or its equivalent) had gained significantly a year after the election -- regardless of the results. While historical patterns don't predict the future, these trends may offer solace to investors whipsawed by the volatile trading last month. One reason for the October slump, analysts say: Markets are pricing in pre-election uncertainty. Once the votes are tallied, "that uncertainty is eliminated, [and] we know … [Read more...] about After the midterm, get ready for a “relief” rally in stocks
The Economist isn't backing off from its decision to invite Steve Bannon to appear at a conference the magazine is holding later this month. The move comes after a public backlash spurred The New Yorker on Monday to rescind its invitation to the former White House strategist to sit for an interview at its annual event. Zanny Minton Beddoes, editor-in-chief of The Economist, said in a letter published Tuesday on its site that in recent months the media outlet has solicited contributions from a range of people -- including those "with whose views we agree and disagree" -- in the run-up to its "Open Future" festival, set for Sept. 15 in Hong Kong, London and New York. "Mr. Bannon stands for a world view that is antithetical to the liberal values The Economist has always espoused," Beddoes wrote. "We asked him to take part because his populist nationalism is of grave consequence in today's politics. He helped propel Donald Trump to the White House, and he is advising the … [Read more...] about The Economist stands by decision to include Steve Bannon in event