Economy & Markets
The important economic and stock market news that advisors need to know.
Eaton Vance Launches Global Macro Absolute Return Advantage Fund
By Joyce HansonEaton Vance Management announced Monday the launch of an absolute return fund, the Eaton Vance Global Macro Absolute Return Advantage Fund (Class A: EGRAX, Class C: EGRCX, Class I: EGRIX).
September 21, 2010
With Nowhere to Go on Rates, Fed to Keep Buying TreasuriesThe Federal Reserve's policy makers agreed Tuesday to keep interest rates at historic lows and to maintain its policy of reinvesting principal payments from mortgage bonds into Treasuries.
September 21, 2010
Irish Bond Auction Brings Sigh of ReliefHigher yields sang a siren song to investors snapping up the latest Irish bonds at Tuesday's auction, soothing just a bit of the worry surrounding Ireland's financial condition.
September 21, 2010
SEC Begins Hearings on State of Municipal Securities MarketsThe SEC launched its first in a series of field hearings on Tuesday aimed at exploring disclosure and transparency, credit ratings and internal controls in municipal securities markets.
September 21, 2010
Housing Starts Rose a Surprisingly High 10.5% in AugustThe U.S. housing market got a much-needed boost on Tuesday as the government's report on August housing starts rose at the unexpectedly strong rate of 10.5%, its highest level in four months.
September 20, 2010
The 'Great Recession' Is Over, Says Economic Research BureauNot only has the U.S. recession officially ended, but it ended way back in June 2009, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) announced Monday.
September 20, 2010
10 Most Expensive Cities: UBS ReportOslo, Zurich and Geneva top the list of the 'most expensive cities,' the updated UBS report says.
September 20, 2010
Fed Meeting Confronted by DilemmaEconomy 'might not be strong enough' to reverse high unemployment trend.