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The Tell: ‘Massive helicopter drop of money’ from Fed and Washington raises inflation risk, says manager of $88 billion bond fund
Policymakers are making a big gamble that their extraordinary efforts to stimulate the economy wouldn't send inflation out of control, but one of the biggest bond fund managers says its an open question if their wager will pan out......»»
The UK economy shrank a better-than-expected 2.9% in January - and analysts are predicting "swifter" growth thanks to vaccines
January's figures left the UK economy 9% smaller than before coronavirus struck in February 20.....»»
Jamie Dimon says "gangbuster" growth is in store for the US but too much fiscal stimulus is a risk
The JPMorgan chief says the US economy could b.....»»
High-profile economists want to shut down Biden"s stimulus over fears it could cause a damaging inflation spike. But recent history suggests otherwise.
The Fed sees little risk of high inflation for the time being, but Larry Summers told Insider, "I don't really understand the basis for serenity." Economist Lawrence Summers has warne.....»»
Economic Report: Services side of U.S. economy speeds up in January, signals faster growth
The huge service side of the U.S. economy grew faster in January and companies added more workers, signaling better times ahead as the record surge in coronavirus cases receded......»»
Key Words: ‘It is far from clear what problem would be solved’ with $2,000 stimulus checks, says Larry Summers
Since Americans have been maintaining higher-than-expected levels of disposable income, Summers said increased stimulus checks would have a muted, and potentially negative, impact on the U.S. economy......»»
Key Words: Will you be getting $2,000? Well, when Bernie Sanders and Donald Trump agree, ‘something crazy is in the air,’ former Treasury secretary says
Larry Summers explained to Bloomberg News in an interview why he believes $2,000 stimulus checks would be a "pretty serious mistake" that could overheat the U.S. economy......»»
Key Words: Will you be getting $2,000? Well, when Bernie Sanders and Donald Trump agree, ‘something crazy is in the air,’ former treasury secretary says
Larry Summers explained to Bloomberg News in an interview why he believes $2,000 stimulus checks would be a "pretty serious mistake" that could overheat the U.S. economy......»»
Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a "serious mistake" that could overheat the economy
Summers told Bloomberg he was "not even sure I'm so enthusiastic about the $600 checks," let alone $2,000 ones. Former Treasury secretary Larry Summ.....»»
High US unemployment could last a year: survey
The number of jobs destroyed by the U.S. economy's crisis-driven sudden stop could top 4.5 million.....»»
U.S. services sector growth slows; employment drops: ISM
U.S. services sector activity slowed to a more than 3-1/2-year low in March, with industries reporting a moderation in new orders and decline in employment amid the coronavirus pandemic, which has brought the country to sudden stop......»»
What"s the coronavirus risk to Columbus restaurant workers? Start at $3.14M a day
Last week's headlines were punctuated by the disease's unchecked growth and darkened forecasts for to the global economy. The food and hospitality sectors were front and center at every turn......»»
What"s the coronavirus risk to Hawaii hotel and restaurant workers? Start at $8.7M a day.
This week's headlines were punctuated by the disease's unchecked growth and darkened forecasts for to the global economy. The food and hospitality sectors were front and center at every turn......»»
What"s the coronavirus risk to Dayton hotel and restaurant workers? Start at $1.3M a day
Monday's headlines were punctuated by the disease's unchecked growth and darkened forecasts for to the global economy. The food and hospitality sectors were front and center at every turn......»»
What"s the coronavirus risk to Buffalo hotel and restaurant workers? Start at $2M a day
Monday's headlines were punctuated by the disease's unchecked growth and darkened forecasts for to the global economy. The food and hospitality sectors were front and center at every turn......»»
What"s the coronavirus risk to Minnesota hotel and restaurant workers? Start at $9M a day.
Monday's headlines were punctuated by the disease's unchecked growth and darkened forecasts for to the global economy. The food and hospitality sectors were front and center at every turn......»»
Economic Report: Leading indicators surge in January, point to steady economic expansion in early 2020
The economy showed some more sizzle at the start of 2020, pointing to steady growth in the next several months, according to an index that measures the nation’s economic health. The leading economic index jumped 0.8% in January......»»
Safe haven dollar is headwind for US economy
Coronavirus is a risk to growth in two ways as it pushes up the value of the currency to a four-month high against other currencies......»»
Economists cut China’s growth forecast on coronavirus impact
The outbreak of the coronavirus and China’s efforts to stop the spread mean the economy will grow slower this quarter than first thought, according to economists......»»
Mild weather boosts U.S. job growth; jobless rate ticks up
U.S. job growth accelerated in January, with unseasonably mild temperatures boosting hiring in weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment......»»