U.S. consumer sentiment extended gains in mid-November as Americans’ economic outlook improved against a backdrop of solid hiring, record stock prices and the prospect of a trade truce with China.
Federal Reserve officials stressed that risks to the U.S. economy remained elevated as they agreed to put interest rates on hold following their third cut this year.
A few blocks from Grosvenor Square in Mayfair, 46 Park Lane resembles a private club with wood-paneled walls and an ornate fireplace dating back to Britain’s Victorian era.
Morgan Stanley predicted that American equities and corporate bonds will underperform peers next year, while the dollar weakens as growth outside the U.S. picks up.
The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year, a top Treasury official said.
It’s better to give than to receive, the saying goes. But to give, receive an immediate tax deduction and then dole out charitable dollars at your leisure is even better, judging by a recent report.
The chances that the U.S. economy skids into a recession are “not significant” in the near term as American households extend the expansion and trade tensions appear to be easing, the chief executive of Goldman Sachs Group Inc said in an interview.
Federal Reserve policy makers are satisfied with the stance of monetary policy even if President Donald Trump isn’t.
U.S. hiring was unexpectedly resilient in October and prior months saw sharp upward revisions, validating the Federal Reserve’s signal of a pause from interest-rate cuts and indicating consumers will extend the record-long expansion despite weak business investment and trade tensions.
A resilient American consumer helped the U.S. economy expand more than forecast in the third quarter, assuaging concerns for now of a more pervasive slowdown tied to weakening business investment and faltering export markets.