June 26 (Bloomberg) -- Aneta Markowska, chief U.S. economist at Societe Generale, and Doreen Mogavero, president of Mogavero Lee & Co., talk about the outlook for financial markets and the U.S. economy. They speak with Adam Johnson and Trish Regan on Bloomberg Television’s “Street Smart.” Chris Verrone, head of technical analysis at Strategas Research Partners, also speaks. (Source: Bloomberg)
Federal Reserve Bank of St. Louis President James Bullard defended Janet Yellen’s comments on interest-rate increases, saying her outlook is in line with private surveys on when the central bank might start tightening policy.
The economic expansion in the U.S. is sufficiently entrenched to withstand a short-term slump in stock prices and weakness in emerging markets, keeping the Federal Reserve on track to trim stimulus, economists say.
The U.S. economic expansion is sufficiently entrenched to overcome a short-term slump in stock prices and a cooling in emerging-market growth, keeping the Federal Reserve on track to reduce stimulus, economists say.
American employers took on more workers than forecast in April and the jobless rate unexpectedly fell to a four-year low of 7.5 percent, reflecting confidence in the outlook for the world’s biggest economy.