Economy & Markets
The important economic and stock market news that advisors need to know.
Why the Fed Won't Raise Rates Next Month
By Mike PattonLooking at the numbers around stocks, oil and commodities, why I doubt the Federal Reserve will raise rates at September FOMC meeting.
August 07, 2015
PIMCO Is Over ‘Gross Effect’ as Break-Even Nears, Owner SaysInvestors pulled $2.5 billion from Total Return in July vs. $3 billion in June, the Newport Beach, California-based firm says
August 07, 2015
PIMCO’s Latest Woes: The Good, the Bad & the UglyThe SEC is looking at odd lot pricing of non-agency MBS, which is no simple matter, says a Morningstar researcher.
August 07, 2015
Star Trek Economics: A Future Free of the Dismal ScienceIn thinking about the economics of Star Trek, what were really thinking about is how to get to economic utopia, Noah Smith writes.
August 06, 2015
RBC Slashes Expenses on 4 Mutual Funds in Bid to Attract AdvisorsUnder RBC Globals Cornerstone Investor program, funds expenses will be cut 39%-44%; select advisors who invest minimum of $10 million will get institutional-level services.
August 06, 2015
Job Market's Signals for the FedJust a slight strengthening of labor market conditions (particularly on the wage front) would be enough to increase the probability of a September rate hike.
August 06, 2015
This Recovery Really Is DifferentCredit bubbles are very different from ordinary recession recoveries. Bank crises and the long, slow, painful recoveries are simply not comparable to other business cycles.
August 05, 2015
Sen. Warren Floats Bill to Stop Credit Checks by EmployersThe Equal Employment for All Act would prohibit employers from requiring potential employees to disclose their credit history when applying for a job.