Tom Porcelli, chief U.S. economist at RBC Capital Markets LLC, said the Federal Reserve may need to consider a third round of quantitative easing as early as September to counter deflationary risks.
A stunning revelation overnight from Bank of England Governor Mark Carney...
Payrolls pushed past their U.S. pre- recession peak for the first time in May, a milestone that’s been five years in the making.
The economic expansion in the U.S. reached a milestone in May with employment exceeding the pre- recession peak for the first time -- almost five years after the recovery began.
The U.S. has yet to recover from the credit crunch that crippled the economy and that’s continuing to restrain growth, said Tom Porcelli , chief U.S. economist at RBC Capital Markets Corp. in New York.
American manufacturers are churning out more goods and homebuilders are regaining confidence as evidence mounts that the world’s largest economy is making a comeback after a slow start to 2014.
"You're looking at a pretty sizable letdown following second-quarter growth numbers."
- Tom Porcelli on Aug 15, 2014
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RBC’s Porcelli Says Wage Inflation to Remain Low (Audio)
RBC’s Porcelli Says Consumer Deleveraging Is Ending
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