Economy & Markets
The important economic and stock market news that advisors need to know.
US Recession Risk Hits 6-Year High
By Katia Dmitrieva, Chibuike Oguh and Catarina SaraivaThe government shutdown is affecting "business confidence and could weigh on consumer confidence," according to a Deutsche Bank economist.
January 10, 2019
Young Advisors Want More Social Impact Fixed Income Products: SurveyIncapital found young advisors use individual bonds to discuss social impact goals, but most want more fixed income options.
January 10, 2019
BlackRock to Cut 500 Jobs Amid Market TurmoilThe asset manager will fire 3% of its global workforce, its biggest headcount reduction since 2016.
January 10, 2019
Fed Minutes More Cautious About Rate Hikes Than FOMC StatementThe minutes reveal that "a few participants" favored skipping the December rate hike.
January 09, 2019
Waters Says Shutdown Is 'Jeopardizing' Markets, InvestorsSEC's skeleton crew is hindering agency's ability to "hold bad actors accountable," Waters said on the House floor.
January 09, 2019
Trump Exits 'Waste of Time' Talk With Democrats: Shutdown UpdateUnless the impasse is resolved quickly, 800,000 federal workers will miss their paychecks due at the end of the week.
January 09, 2019
Agriculture Sector Hitting a Rough Patch: SurveyAnswers to a number of questions showed farmers aren't happy.
January 09, 2019
More Fed Officials Pile on Bandwagon Favoring Rate-Hike PauseEvans, Rosengren ready to be patient despite optimism; Atlanta Fed chief Bostic says next move could be a hike or cut.