Stuart Hoffman

Stuart Hoffman News

• 

  Fed Seen Slowing Stimulus With QE Cut by End of This Year

  Chairman Ben S. Bernanke will probably reduce the Federal Reserve’s monthly bond buying in the fourth quarter to $50 billion from $85 billion as he begins to unwind record stimulus, economists said in a Bloomberg survey.

• 

  Americans Spend Less on Finance as Doubt Lingers: EcoPulse

  Americans are allocating a smaller share of their spending to investment-related fees since the recession, a sign they are still wary of returning to financial markets even as stocks trade near record highs.

• 

  Payroll Growth Vaults to Higher Pace at U.S. Companies

  At Industrial Builders Inc., Paul Diederich plans to boost payrolls about 10 percent this year.

• 

  Frugality Psyche Restrains U.S. Recreational Spending: EcoPulse

  Televisions, club memberships and boats are accounting for a smaller share of U.S. consumer spending since the recession.

• U.S. Manufacturing Recovery Is `Bounce Off the Bottom,' PNC's Hoffman Says

  The recovery in U.S. manufacturing is a “bounce off the bottom,” led by inventories, said Stuart Hoffman, chief economist at PNC Financial Services Group Inc. in Pittsburgh.

• Hoffman, Meyer, Silvia Say Jobs Data Suggest Prolonged Slump

  Stuart Hoffman, chief economist at PNC Financial Services Group Inc. in Pittsburgh, Michelle Meyer, a senior U.S. economist at Bank of America Merrill Lynch in New York, and John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina, said today’s employment report suggests a long period of labor market weakness lies ahead.

• 

  Bernanke Money Policy Seen Successful as Savers Become Consumers

  Federal Reserve Chairman Ben S. Bernanke finally may be catching a break: His easy-money policies are showing signs of speeding up the economic rebound three years after he cut interest rates to zero.

• PNC’s Hoffman Says Tax Compromise Would Boost U.S. Economy

  The tax compromise between President Barack Obama and Republican lawmakers would raise economic growth and lower unemployment if it’s approved by Congress, said economist Stuart Hoffman .

• Silvia, Hoffman Say Fed’s Statement Suggests No Need for QE3

  John Silvia , chief economist at Wells Fargo Securities LLC, and Stuart Hoffman , chief economist at PNC Financial Services Group Inc., said the Federal Reserve’s statement today indicates that there will be no third round of quantitative easing by the central bank.

• 

  Existing Home Sales Decline as U.S. Supply Dwindles: Economy

  Sales of U.S. existing homes unexpectedly fell in December as supply shrank, underscoring the hurdles for an industry seeking to strengthen its recovery even as it completed its best year since 2007.

Quote

• "People are shying away from stocks since the recession, reflecting a very conservative approach to investing."

  - Stuart Hoffman on Apr 25, 2013

Related Topics

• 

  Washington

• 

  New York

• 

  Ben S. Bernanke

• 

  Tom Keene

Most Popular on Bloomberg

• Singapore’s Changi Airport Seeks Growth With Gold, Tuna

• Gold Extends Longest Losing Streak in Four Years as Silver Sinks

• Yen Climbs as Japan Signals Negative Impact From Further Losses

• China Home-Price Gains Signal Growth Challenge for Li

• Asian Stocks Extend Advance as Yen Strengthens, Gold Declines

Stuart Hoffman Videos

Audio

• MFR’s Shapiro, PNC’s Hoffman on Europe,U.S. Economy

• PNC’s Hoffman Says Job Growth in U.S. Remains Tepid

• Hoffman Discusses Federal Reserve Monetary Policy

• PNC’s Hoffman Predicts Good Jobs Reports

• Hoffman Says Fed Short Term Rates to Rise By 2014