Economy & Markets
The important economic and stock market news that advisors need to know.
Buffett Joins Scorn of Modern Monetary Theory and 'Danger Zones'
By Katherine Chiglinsky and Katia DmitrievaBuffett joins other critics like Fed Chair Jerome Powell, BlackRock CEO Larry Fink and DoubleLine Capital's Jeffrey Gundlach.
March 25, 2019
Business Economists Cut US Growth Forecast"NABE Outlook Survey panelists believe the U.S. economy has reached an inflection point," the group's president says.
March 22, 2019
Trump Will Nominate Economist Stephen Moore to Fed BoardMoore, a supply side economist, recently said Fed Chairman Jerome Powell was a bad choice.
March 22, 2019
Treasury Yield Curve Inverts for First Time Since 2007"It looks like the global slowdown worries have been confirmed, and the market is beginning to price in Fed easing ... ," a Charles Schwab strategist said.
March 22, 2019
U.S. Treasury Yield Curve Inverts. What Happens Next?"It's not time to panic and sell everything. But the winds of change are picking up."
March 20, 2019
BlackRock Cuts Fee on iShares S&P 500 Mutual Fund for Its Biggest InvestorsThe new fee will be effective in July for investors with $2.5 billion in assets.
March 20, 2019
Business Roundtable Calls for National Privacy Law; Trims Economic OutlookEighty percent of roundtable members said it was at least "somewhat" important for Congress to enact such a law.
March 20, 2019
Fed Plans No Rate Hike This Year, Will End Asset DrawdownThe Fed indicated it would begin to slow the shrinking of its balance sheet in May, dropping monthly Treasury redemptions from $30 billion currently to $15 billion.