Economy & Markets
The important economic and stock market news that advisors need to know.
Surprising Jobless Rate Decline Runs Into Fed Rate Policy
By Joshua Zumbrun, BloombergThe Fed said in 2012 that interest rates would remain near zero until unemployment fell to 6.5%its now at 6.7%.
January 10, 2014
Disappointing Jobs Report Fuels Rally in Treasuries, GoldTreasuries rallied with gold and the dollar retreated after U.S. payrolls rose less than forecast in December, easing concern stimulus cuts would accelerate.
January 09, 2014
PIMCO’s Gross: Fear Not, Bond Investors!After a losing 2013, Bill Gross lays out a bond strategy he says will produce 3% to 4% returns this year.
January 09, 2014
MSRB Floats Muni Advisor RuleThe proposed rule strikes an appropriate balance" and is "workable for municipal advisors of all sizes, says MSRB.
January 09, 2014
El-Erian: Be Picky on Emerging Market Investing in 2014The three factors driving EM underperformance last year may not recur, says the PIMCO CEO, but dont expect a broad recovery.
January 08, 2014
Russell 1000, S&P 500 to Rise in 2014: Russell InvestmentsThe research forecasts that equities will appreciate by about 5% in 2014, depending on corporate performance.
January 08, 2014
Your Clients Will Pay for World’s Debt, Advisor WarnsAdvisor Romain Hatchuel says higher taxes, especially on the wealthy, are imminent as Western nations deal with heavy debt loads.
January 08, 2014
Most Fed Officials Backed Tapering of QEThey saw an improving job market coupled with diminishing economic benefits to further bond buying, FOMC meeting minutes show.