Some words of advice from NorthmanTrader today: 'The Fed will not tell you when a recession starts. They can and will be in total denial until after the fact.'
Since last year real GDP growth has been slowing. The chair of the Federal Reserve has been signaling that, while growth is slowing, there is no recession risk and the Fed is forecasting continued positive growth. Warning signs in the economy, including an inverted yield curve, have been ignored and stock markets continued to make new highs in July. In August a correction took a place and subsequently a rally ensued into early September. On September 18 the Fed is expected to cut rates.
U.S. stocks proceeded to make another marginal high that October — and that was it. Lights out. We all know what happened next. Markets topped in October 2007 following the Fed’s September rate cut. That November, Ben Bernanke, then Fed chair, said there wouldn’t be a recession. According to a November 2007 Reuters report, Bernanke told a congressional committee: “Our assessment is for slower growth, but positive growth, going into next year.” The U.S. economy entered recession in December 2007."Federal Reserve Chairman Ben Bernanke told lawmakers on Thursday the U.S. economy did not appear headed for recession.
“Our main expectation is not at all that there will be a recession,” Powell said.”https://t.co/y9qq1jczvq
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How Beyond Meat became the hottest stock of 2019On its first trading day, Beyond Meat's stock price surged 163 percent. The hype around the stock continued to push it higher in the following months. Year-to-date returns hit 850 percent at one point. Here's a look at what's behind an IPO valuation and what's next for investors looking to own some shares of the next big IPO.
Consulte Mais informação »
Aurora Cannabis' stock falls after Stifel says 'sell,' slashes price targetShares of Aurora Cannabis Inc. dropped 5.9% in premarket trading Monday, after Stifel Nicolaus analyst Andrew Carter recommended selling the Canada-based...
Consulte Mais informação »
Square is testing a fee-free stock exchange service for its P2P payments platformSquare is testing a new feature for its peer-to-peer payment platform, Square Cash, that would enable customers to trade stocks for free.
Consulte Mais informação »
Why You Should Stock Up on Used Coffee Grounds Right NowCome winter, you'll thank us.
Consulte Mais informação »
5 things to know before the stock market opens TuesdayDamage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.
Consulte Mais informação »
Meghan Markle's denim shirt dress is FINALLY back in stock - but hurryLoved the denim shirt dress Meghan Markle wore to the US open? Now the J.Crew design is back in stock and available to buy online. Prince Harry's wife teamed the design with a casual cardigan and gold jewellery as she watched her friend Serena Williams play in the final.
Consulte Mais informação »