Text size Lael Brainard is leaving the Fed to head the White House’s National Economic Council. Jim Vondruska/Bloomberg The dash for trash has hit a speed bump. Stocks faltered again this past week as the early-year rally, led by rebounds in 2022’s speculative-grade losers, ran into resistance from higher expected …
Read More »Goldman, Bank of America extend forecasts for continued Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor market. Producer prices accelerated in January by the biggest margin in seven months, according to data on Thursday, while a …
Read More »Only 13 companies have issued upbeat profit forecasts for Q1, but earnings are due from this pessimism-resistant industry
A tough fourth quarter for corporate earnings is largely in the past, and the first quarter isn’t exactly looking great either, but upcoming results this week from the one industry spared by the pandemic hangover — travel — might yet give Wall Street something to like. Earnings are due from …
Read More »Mapped: 2023 Inflation Forecasts by Country
Ranked: America’s 20 Biggest Tech Layoffs This Decade The events of the last few years could not have been predicted by anyone. From a global pandemic and remote work as the standard, to a subsequent hiring craze, rising inflation, and now, mass layoffs. Alphabet, Google’s parent company, essentially laid off …
Read More »Mapped: GDP Growth Forecasts by Country, in 2023
Mapped: GDP Growth Forecasts by Country, in 2023 This was originally posted on Advisor Channel. Sign up to the free mailing list to get beautiful visualizations on financial markets that help advisors and their clients. Since Russia’s invasion of Ukraine early last year, talk of global recession has dominated the …
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