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.
The U.S. will borrow less money this year than at any time since 2008, validating the nation’s decision to go deeper into debt to combat the financial crisis as faster growth shrinks the deficit, Wall Street’s biggest bond dealers say.
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)
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.