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Is the Federal Reserve in the midst of its quickest pivot ever? It seems to be. Only two months ago, central bankers were united in their plans to keep raising interest rates. But now they're retreating amid a selloff in stocks, some weaker economic data and pressure...
Believe it or not, economic estimates keep improving despite the selloff in equities. Last week's retail-sales data and industrial production didn't seem too impressive at first. But number crunchers have found some bright spots. Bank of America Merrill Lynch...
Recent headlines have suggested weakness in the economy, but other readings are curiously strong. Last week's employment reports all missed estimates. ADP's private-sector payrolls had 16,000 fewer new jobs than expected, while the government's non-farm tally lagged...
Regardless of how this week's big jobs report turns out, one thing seems certain: E-commerce is transforming big parts of the U.S. job market. Consider the dramatic rise of warehouse employment over traditional brick and mortar stores. Burrowing deep into October's...
Transportation stocks just had their best week in a year. The Dow Jones Transportation Average ($DJT) advanced 4.35 percent since the close on Friday, November 23. Big names like Union Pacific (UNP), Delta Air Lines (DAL) and United Parcel Service (UPS) were among the...
Forecasts pointed to a cold Thanksgiving, but that's not the only thing cooling off. Several economic reports this week have shown a quick deterioration of conditions in the U.S. That will raise the stakes for policymakers at the Federal Reserve, especially with...
After years of steady rate hikes, the Federal Reserve may be signaling a change of course. The U.S. central bank's top two policymakers made potentially "dovish" statements in the last three days. That means they may favor less aggressive interest-rate increases going...
How might the midterm elections ripple through financial markets? There are three possible outcomes in tomorrow's midterm elections: Republicans retain control of both houses of Congress. Democrats take the House but not the Senate. Democrats win big and seize control...
Employment reports usually get a lot of attention, but they might have lost some of their importance as economic data points. Today we'll suggest that common job numbers may have become more of lagging indicators than leading indicators. It's worth considering this...