Economy & Markets
The important economic and stock market news that advisors need to know.
Bob Doll: Fed Rate Hikes Likely in September
By Danielle AndrusAlthough the Fed doesnt appear to be in any immediate hurry to act, Bob Doll believes interest rate increases will begin in 2015.
March 20, 2015
March Madness: Kleintop’s Sweet 16 Bracket for the Stock MarketMaking stock market predictions can be as challenging as forecasting basketball tournament winners, Schwab's Kleintop says, but here are the factors he sees playing hardest.
March 20, 2015
How the Fed erased 1% of the dollar's value in a single dayThe Federal Reserve's policy statement knocked 1 percent off the value of the dollar without even directly mentioning it.
March 19, 2015
How the Fed Erased 1% of the Dollar's Value in a Single DayThe strong dollar has curbed the Fed's urgency to tighten.
March 19, 2015
PIMCO Sees Year of Higher Growth, but Fed Rate Hike May Roil MarketsGlobal monetary easing, lower oil prices and move away from austerity are all net positives, the investment firm argues.
March 19, 2015
Consumers’ U.S. economic outlook retreats from 4-year highThe Bloomberg Consumer Comfort Index fell to a three-month low of 51.5 from a February reading of 54.
March 18, 2015
Fed Drops ‘Patient’ Stance, Opening Door to June Rate IncreaseAn increase in the target range for the federal funds rate remains unlikely at the April meeting, the FOMC said in a statement Wednesday.
March 18, 2015
Gross’ Replacements Thrive at PIMCOThe new managers of the PIMCO Total Return Fund have been trumping former boss Bill Gross since he left the worlds largest bond fund.