News and Trends

Federal Reserve signals no interest rate hikes in 2019- Fox Business--3.20.19
The Federal Reserve voted to keep the benchmark federal funds rate steady during its policy meeting and also signaled that there will be no hikes for the remainder of 2019.

A growing list of companies from FedEx to BMW are warning about the world economy- CNBC--3.20.19
Executives at major companies are warning about the global economy. An ongoing trade war between the U.S. and China, Brexit uncertainty and Japan weakness all contribute to the bleak picture.

Recession Watch 2019: Outlook Not So Good- Forbes--3.15.19
The probability of a recession in the United States just went up. One expert is predicting the U.S. economy is likely to enter a recession within the next 12 to 15 months.

U.S. manufacturing sector slowing as economy loses steam- Reuters--3.15.19
U.S. manufacturing output fell for a second straight month in February while factory activity in New York state hit a nearly two-year low this month, offering further evidence of a sharp slowdown in economic growth.

Philly right to ban discriminatory cashless stores - The Hill--3.14.19
Philadelphia recently became the first U.S. city to ban most cashless stores. Those who support the ban believe cashless stores discriminate against those who lack financial stability.

Why aren’t Americans saving? They just haven’t gotten around to it, survey shows- Market Watch--3.14.19
The economy may be improving, but Americans don't seem to be saving. Around 21% of working Americans say they aren't saving any money at all, according to a new survey.

Average U.S. mortgage size hits record-high $354,500 -MBA- Reuters--3.13.19
The average size of mortgages U.S. consumers were looking to obtain hit a record high of $354,500 last week. The rise hints that first-time buyers face a challenge in finding their home of choice.

Businesses are getting nervous, and that could make a recession a reality- CNN Business--3.12.19
Businesses are getting nervous and a recession could materialize quickly if businesses lose faith. Businesses are not running for the hills yet, but an escalating trade war is looming.

The 2020 presidential race could weigh on ‘FANG’ stocks as Democrats attack big tech- CNBC--3.11.19
"FANG" stocks are likely to be a major topic during 2020 presidential race. Last week, Sen. Elizabeth Warren unveiled a plan to break up the biggest tech companies if she is elected president.

Exclusive poll: Young Americans are embracing socialism- Axios--3.10.19
Generation Z has a more positive view of the word "socialism" than previous generations. Millennials are also more likely to embrace socialistic policies and principles than past generations, according to a new poll.

Job creation grinds to a near-halt in February; wages still on the rise- CNBC--3.8.19
Job growth came to a halt in February as nonfarm payrolls were up only 20,000 as the unemployment rate fell to 3.8%. It was the worth month for job creation since September 2017. Economists were expecting an increase of 180,000 jobs.

China's 21% plunge in exports shows weakening global economy- CNN Business--3.8.19
China's export industry suffered its worst month in three years, hurt by the trade war with the United States and a slowing economy. Chinese exports plunged 21% in February from a year earlier, according to Chinese government data.

US households see biggest decline in net worth since the financial crisis- CNBC--3.7.19
Household net worth fell at the highest level since the financial crisis, according to Fed data. Net worth at the end of 2019 was at $104.3 trillion, a drop of $3.73 trillion from the third quarter.

ECB unveils measures to revive eurozone as it cuts growth forecasts – as it happened- The Guardian--3.7.19
ECB President Mario Draghi announced the central bank will be launching a fresh round of cheap bank loans and says rates will stay at record lows "at least through 2019."

Trade deficit soars to 10-year high in 2018, foiling Trump White House effort to rein it in- Market Watch--3.6.19
The nation's trade deficit shot to a 10-year high in 2018 despite efforts to reduce the gap. The deficit jumped nearly 19% in December to a seasonally adjusted $59.8 billion.

US growth to slow 'considerably' in 2019: NY Fed- France 24--3.6.19
The U.S. economy should slow "considerably" in 2019 as the boost from last year's economic stimulus fades, according to the president of the New York Federal Reserve Bank. Global markets have fallen in recent weeks as investors grow weary that the world economy will slow.

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