American shoppers dialed it back in April after spending at the fastest pace in almost five years.
The Federal Reserve won’t exit any time soon from unprecedented bond-buying under its quantitative- easing stimulus strategy, even as the world’s biggest economy shows signs of recovery, according to Stephen Stanley of Pierpont Securities LLC.
"The U.S. seems to be moving in the right direction and unfortunately Europe, if anything, feels like it's moving backwards right now."
- Stephen Stanley on Aug 28, 2014
Pierpont’s Stanley Says Economy Is ‘Performing Well’ (Audio)
Pierpont’s Stanley Sees Inflation Bottom, Links to Fed (Audio)
Pierpont’s Stanley Says Both Hawks, Doves Abandon QE (Audio)
Stanley Says Deficit Fight is Ideological
Pierpont’s Stanley Sees ‘Very Disappointing’ 2014 GDP (Audio)