Economy & Markets
The important economic and stock market news that advisors need to know.
Yellen maintains outlook for first Fed rate hike in 2015
By Christopher Condon, Craig TorresI expect that it will be appropriate at some point later this year to take the first step to raise the federal funds rate and thus begin normalizing monetary policy, Yellen said.
July 10, 2015
Largest global pension fund posts record gain as stocks riseJapan's Government Pension Investment Fund delivered a 12 percent return in the year ended March 31.
July 10, 2015
Largest global pension fund posts record gain as stocks riseJapan's Government Pension Investment Fund delivered a 12 percent return in the year ended March 31.
July 09, 2015
Greece “No” Vote on Bailout has Wide ImplicationsLast Sunday Greeks took to the polls and delivered a strong vote against a continuation of troika-imposed austerity measures.
July 09, 2015
Gundlach: Less Than 25% Chance of Fed Rate Hike in SeptemberThe DoubleLine CEO sees lots of volatility around and maintains his long-held belief that Greece will exit the euro.
July 09, 2015
Presidential Candidate O’Malley Unleashes Wall Street Crackdown ManifestoThe 10-page manifesto by former Gov. Martin O'Malley of Maryland promises to boost regulators' budgets and punish misbehaving banks more harshly.
July 09, 2015
Consumer comfort in U.S. cools after reaching 9-week highSentiment among Americans who earn more than $100,000 a year fell last week from its highest level since early May.
July 08, 2015
The cities that make up the biggest economy on Earth"The Asia-Pacific MetroMonitor reaffirms the shift in global economic growth to the East and South," according to a report.