Economy & Markets
The important economic and stock market news that advisors need to know.
El-Erian: It's Getting Harder to Justify Independent Fed
By Patrick McHaleThe economist points to four "big operational errors" in its recent performance and a lack of accountability.
October 17, 2022
Forecast for Recession Within Year Hits 100%Bloomberg economists' latest models forecast a higher recession probability across all timeframes vs. an earlier estimate of 65%.
October 17, 2022
Interest Rates Will Hit 9% If Inflation Persists: Mark MobiusThe former Franklin Templeton executive also warns that commodity prices could be hurt by cooling demand.
October 17, 2022
11 'Credentials' That Give You an In With the WealthyMost of these credentials don't involve going back to school; you likely have several already.
October 14, 2022
What to Tell Clients Who Want to Buy a Home Now: Advisors' AdviceShould they buy now or wait? What should they consider? Here's what 11 advisors told us.
October 14, 2022
Morgan Stanley CEO Hints at Job Cuts With Headcount Under Review"You've got to take into account the rate of growth we've had in the last few years," James Gorman said.
October 14, 2022
Jeremy Siegel: Fed Risks Depression If It Waits for 2% InflationIt's imperative the Fed recognizes the stats don't reflect real inflation, the Wharton professor said.
October 14, 2022
11 Colleges That Mint Future Billionaires: ForbesOne-quarter of this year's Forbes 400 richest Americans attended one of these institutions.