Drew Matus

Drew Matus News

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  Fed Faces Risk of Fourth Summer Slump While Pushing QE

  This time, Federal Reserve policy makers are prepared for the summertime slump.

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  Economists See No Crisis With U.S. Debt as Economy Gains

  Representative Paul Ryan, chairman of the House Budget Committee, declared this month that the U.S. national debt “is hurting our economy today.” It’s an idea embraced by almost every Republican and even some Democrats.

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  Payrolls Rise as U.S. Jobless Rate Reaches Four-Year Low

  Job growth surged last month as automakers, builders and retailers pushed the unemployment rate to a four-year low, defying concerns that budget battles in Washington would harm the economic expansion.

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  Americans Absorb Payroll-Tax Rise to Keep Spending: Economy

  Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year.

• Aging Baby Boomers Reduce Jobless Rate: Matus

  Unemployment in the U.S. may fall faster than expected as baby boomers enter retirement, reducing the portion of people in the workforce, according to Drew Matus, senior U.S. economist at UBS Securities LLC.

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  Several on FOMC Said Fed Should Be Ready to Vary QE Pace

  Several Federal Reserve policy makers said the central bank should be ready to vary the pace of their $85 billion in monthly bond purchases amid a debate over the risks and benefits of further quantitative easing.

• Oil Prices Need Sustained Rise Before Hurting U.S., Matus Says: Tom Keene

  Oil prices must remain elevated for three months before they would affect the U.S. economic outlook, said Drew Matus , senior U.S. economist at UBS Securities LLC.

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  Fed Concerned About Overheated Markets Amid Record Bond Buys

  Federal Reserve officials are voicing increased concern that record-low interest rates are overheating markets for assets from farmland to junk bonds, which could heighten risks when they reverse their unprecedented bond purchases.

• Payroll Gains Exceeding Forecasts Signal Sustained U.S. Growth

  Employers in the U.S. added more workers than forecast in July, easing concern the three-year expansion is faltering. Bigger payroll gains may be necessary to reduce an unemployment rate that climbed to a five-month high.

• UBS’s Matus Says Fed May Drop ‘Exceptionally Low’ Rate Wording

  The U.S. Federal Reserve may drop language promising “exceptionally low” interest rates through the middle of next year from its policy statement, according to Drew Matus, senior U.S. economist at UBS Securities LLC.

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Quote

• "The fact they've been fooled multiple times by slumps in the U.S. economy means they're going to be a little gun-shy on the exit strategy."

  - Drew Matus on Apr 07, 2013

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