John Herrmann News
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The city known as “America’s Athens” prepared to return to life after a terrorist manhunt that immobilized 1.5 million workers and a major center of technology and finance.
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U.S. lawmakers are making progress convincing derivatives traders that taxpayers won’t bail out the biggest banks if another financial crisis erupts.
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John Herrmann, a top-ranked economic forecaster, had his job eliminated yesterday at State Street Global Markets LLC as the company exited its fixed-income business as part of a cost-cutting effort.
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The world’s largest economy will expand in 2011 at the fastest pace in six years as American consumers boost spending, said John Herrmann , a senior fixed- income strategist at State Street Global Markets LLC.
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Two-year Treasury yields will continue hitting record lows and drop to 0.28 percent by the end of the year, according to John Herrmann , senior fixed-income strategist at State Street Global Markets LLC and that rate’s most accurate forecaster in an analysis by Bloomberg Rankings.
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The U.S. economy may end 2011 growing at its fastest clip in 18 months as analysts increase their forecasts for the fourth quarter just a few months after a slowdown raised concern among investors.
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U.S. Treasury yields, which had reached “apocalyptic” levels last week, have pulled back as European officials have grasped the scope of the sovereign-debt crisis, John Herrmann, a senior fixed-income strategist at State Street Global Markets LLC, said today on Bloomberg Television’s “In the Loop” with Betty Liu.
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U.S. companies from Pfizer Inc. to 3M Co. are beating analysts’ quarterly sales estimates at the highest rate in 1 1/2 years, undeterred by political gridlock in Washington and slowing demand in China.
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President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.
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American employers added jobs at the slowest pace in nine months in June and the unemployment rate unexpectedly climbed to 9.2 percent, sending global stocks sliding on concern the world’s biggest economy is faltering.
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