Economy & Markets
The important economic and stock market news that advisors need to know.
Backlash From ETF Traders Grows Over Push for Bond Reporting Lag
By Rachel Evans and Vildana HajricThey oppose a FINRA pilot program that would extend bond dealers' reporting time for large corporate bond transactions.
June 14, 2019
IRS Redesign Bill Poised to Arrive on Trump's DeskThe newly passed version of the Taxpayer First Act dropped a provision barring the IRS from creating free tax-prep software.
June 13, 2019
Fed Unlikely to Cut Interest Rates in June: GundlachJuly rate cut is "a pretty good possibility," and a cut by September is basically "a lock," according to the DoubleLine Capital CEO.
June 13, 2019
10 Years After Recession's End, Millions Are Treading Water Financially: SurveyAbout half of respondents in a Bankrate survey said their financial situation was the same or worse than before the last recession.
June 13, 2019
Odds Increase for a Fed Rate Cut Next WeekIf the Fed doesn't cut next week, then attention turns to a cut in July.
June 13, 2019
Trade Policy Is the Biggest Risk to US Growth: SurveysEconomic outlooks from CEOs and a roundtable of bank and brokerage economists highlight the risks of U.S. trade policy.
June 13, 2019
Martin Feldstein, RIP: A Pragmatist Disguised as a ConservativeThe Nobel prize-winning economist and chief economist for President Ronald Reagan died earlier this week.
June 13, 2019
Pimco Parent to Offer Active Funds at 'ETF-Like' PricesThe firm will use its robo-advisor Moneyfarm platform to offer these funds directly to retail investors.