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Mixed fallout from higher revision to U.S. GDP growth

Mixed fallout from higher revision to U.S. GDP growth

The news that U.S. economic growth in the third quarter had been revised upward to 3.5% from an earlier 3.2% has been a mixed blessing for the financial markets. Higher growth has helped stocks resume their post-election rally. But it hasn’t helped the bond...
Will it be two or three interest rate increases in 2017?

Will it be two or three interest rate increases in 2017?

At its December 14 meeting, the Federal Reserve signaled that it was thinking about three more interest rate increases in 2017 instead of two. (The Fed raised interest rates by 25 basis points on December 14. That was the Fed’s first interest rate increase in...
Global bond markets decide Trump means more government spending, a big tax cut, bigger deficits, and higher inflation–and increased odds that the Fed will raise interest rates faster than expected just last week

Global bond markets decide Trump means more government spending, a big tax cut, bigger deficits, and higher inflation–and increased odds that the Fed will raise interest rates faster than expected just last week

Global bond markets fell to the tune of a more than $1 trillion loss this week after Donald Trump’s win in the U.S. presidential election. The market value of the Bank of America’s Global Broad Market Index, which tracks 24,000 bonds around the world, fell...