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International Monetary Fund chief economist Gita Gopinath speaks during a press conference in Washington D.C., on April 9, 2019. Liu Jie | Xinhua News Agency | Getty Images The outlook for the global economy keeps getting bleaker, the chief economist…
Every day, Wall Street analysts upgrade some stocks, downgrade others, and “initiate coverage” on a few more. But do these analysts even know what they’re talking about? Today, we’re taking one high-profile Wall Street pick and putting it under the…
Federal Reserve Chairman Jerome Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow. Less than an hour after the speech, President Donald Trump blasted Powell on Twitter,…
U.S. stock futures are trading lower this morning after China said it would impose new tariffs on an additional $75 billion in U.S. goods. Another potentially market-moving event today is an address by Federal Reserve Chair Jerome Powell to economists…
Loretta Mester at Jackson Hole, August 25, 2017. Jodi Gralnick | CNBC Cleveland Federal Reserve President Loretta Mester believes that if the U.S. economy continues to grow at its current pace, she’s unlikely to support further reductions to interest rates. “At…
