WASHINGTON— The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.» Read More
Economist Martin Feldstein, the keeper of the official recession call, says the U.S. economy is not in recession, but growth could turn negative in the near future. He made his comments this morning on "Squawk Box."
Goldman Sachs analysts say stock investors should look to larger cap and defensive sectors as a way to play the uncertainty of presidential primary season. While they say the major party nominees should become clear by "Super Duper Tuesday," there is greater electoral and policy uncertainty in this Presidential race because there are no incumbents running.