Global Economy
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The best kept secret is that the Fed does more for the successful operation of the global business cycle than all the "talking shops" (G8, G20, and various U.N. agencies) combined.
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Most areas of the United States reported moderate economic growth through the first weeks of November and labor markets were tight in many regions, the Federal Reserve said on Wednesday.
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Sales of new homes fell in October by the largest amount in three months, a fresh sign of the slowdown in the once-hot housing sector.
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Fed Chairman Ben Bernanke spoke--but it seems few investors listened. Stocks drifted lower after his speech. So--what's the next move for investors in 2007? That's the question for two analysts on Closing Bell. Citigroup's Chief U.S. Equity Strategist and Managing Director, Tobias Levkovich is very bullish on the economy.
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We've been reporting--that the U.S. dollar continues to drop – it’s down 2% against the Euro just this past week. This isn’t a short-term decline as far as one strategist is concerned.
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A decision last week by the International Energy Agency (IEA) to release an additional 60 million barrels of oil into the market should be considered quantitative “teasing” than easing, because the move is short-lived, says one analyst.