Next Week News

In a widely anticipated move, Federal Reserve Chair Jerome Powell on Tuesday told members of the Senate Banking Committee the central bank is likely to maintain ultra-easy monetary policy for the foreseeable future.

more...

A Federal Reserve report known as the Beige Book was released Wednesday and said economic activity expanded modestly from January to mid-February for most Fed districts. The Beige Book, a compilation of economic evidence from the twelve Fed districts, also said most businesses remain optimistic regarding the outlook for the next 6-12 months as COVID-19 vaccines become more widely distributed.

more...

The global economy is set to grow at a faster pace this year than projected earlier due to an accelerated roll-out of vaccinations against the coronavirus and a better outlook for the U.S. on the back of a huge stimulus boost, the Organization for Economic Co-operation and Development said Tuesday.

more...

The Fed’s latest outlook looks quite rosy, predicting strong GDP growth, falling unemployment, and inflation getting back to its 2% goal. At the same time, it doesn’t see any need to raise rates until 2023, but some officials warm to 2022.

more...

The International Monetary Fund raised the global growth forecasts on Tuesday amid high uncertainty and warned of divergent impacts from the Covid-19 pandemic such as sharply rising income inequality.

more...

Citing progress on Covid vaccinations and strong policy support, the Federal Reserve on Wednesday upgraded its assessment of the U.S. economy but maintained its ultra-easy monetary policy as widely expected.

more...

The employment number was a shock to the “boom” economy narrative; it was the biggest consensus miss in history! Our thought process has always been that the best we can hope for is a return to the 1%-2% pre-pandemic GDP growth. We still hold to that view.

more...

The recent Fed meeting dropped some shocking news on the markets. Commonwealth CIO Brad McMillan takes a closer look at what happened (and what didn't).

more...

At first glance, the rise of 850,000 payroll jobs in June is quite encouraging, since that number exceeded economist expectations by over 100,000.

more...

Market sentiment deteriorated as the Dow Jones and DAX 30 ended on a downbeat. The US Dollar is notably rising and crude oil prices are weakening. Ahead, the Euro is eyeing the ECB. Bitcoin traders...

more...