Matthew Rutherford played a key role as the Treasury navigated the global financial crisis, the first downgrade of U.S. government securities and a record budget deficit. What lies ahead for him will be much subtler.
Consumer confidence unexpectedly climbed in March to the highest level in six years, propelled by improved optimism about the economy’s prospects, signaling growth will strengthen after a weather-related slowdown.
American consumer spending probably continued to recover in February from the slump caused by colder temperatures and snowstorms, while U.S. factories received more orders for big-ticket goods, economists project reports will show this week.
McKesson Corp. and Gilead Sciences Inc. led the second-busiest week on record for U.S. bond sales as borrowers locked in the lowest relative yields in about seven years with markets stabilizing following turmoil in Ukraine.