Economy & Markets
The important economic and stock market news that advisors need to know.
Fed’s QE2 Plan Looks to Create Inflation and Drive Dollar Lower
By Joyce HansonNow that the FOMC has decided to print more money and buy $600 billion of government debt, market watchers are looking closely at what will happen to the U.S. dollar.
November 04, 2010
Bank of England, ECB Leave Interest Rates Unchangedn the wake of the Fed's decision on Wednesday to go ahead with $600 billion in quantitative easing, the ECB and the Bank of England both announced Thursday to leave their interest rates unchanged.
November 04, 2010
Jon Stewart, Economic Advisor?Probably not, but Bloomberg reported Wednesday that Treasury Secretary Timothy Geithner met with comedian Jon Stewart - off the record - in April.
November 04, 2010
Municipal Bond Market Crisis Battering States, TownsThe wobbly state of the municipal bond market is the topic of a new study by Aite Group.
November 03, 2010
How to Get Fixed-Income Clients out of Their Holding PatternMany producers struggle to provide their fixed-income clients with attractive options to boost their returns. The challenge is, how can you pursue higher returns without exposing the client to significantly higher risk?
November 03, 2010
Sun Life Posts Improved Earnings in Q3Sun Life Financial reported Wednesday third quarter income of $448.5 million, up from a loss of $138.6 million in the third quarter of 2009.
November 03, 2010
Prudential Reports Q3 Growth in Retirement, Investment ManagementPrudential Financial Inc. announced Wednesday net income of $1.2 billion for its Financial Services Business in the third quarter or $2.46 per common share.
November 03, 2010
Fed Announces $600 Billion QE2; Holds Rates SteadyFed rolls out QE2, but J.P. Morgan's Kelly warns of a "possible QE3 or sharp reaction in the bond market"