Tag: us economy
On October 18, CNBC reported Bill Gross top picks. His top stock picks were Annaly Capital (NLY), Invesco (IVZ) and Allergan (AGN).
Moody’s Analytics sees a good chance for President Donald Trump's reelection. Its models suggest that his chances depend on three economic conditions.
On Tuesday, Fed Chair Jerome Powell expressed willingness towards interest rate cuts amid the slowdown. So far, the Fed has cut the rates twice this year.
The Fed's stance for upcoming interest rates will be clear when it releases the September meeting minutes on Wednesday. Policymakers seem to be divided.
September's unemployment rate dipped from 3.7% to 3.5%—the lowest rate since December 1969. The labor force participation rate was stable at 63.2%.
Today, the ISM released its nonmanufacturing purchasing managers' index data—also known as the services PMI—which came in below market expectations.
On September 30, Jeffrey Gundlach talked to Fox Business and shared his views on the US economy, the 2020 presidential election, and the recession outlook.