"30%. Labor market gains should support consumer spending, offsetting weakness in other specific (limited) areas of the economy, provided the Fed does not raise rates too aggressively."
“Daily volatility in the stock market is high indeed, but the market is able to overlook that,” said Jia Liu, a fellow at the nonprofit American Institute for Economic Research.
Regardless of whether volatility is still climbing or abating, the Fed is less concerned about the state of financial markets than Wall Street is, according to John Canally, chief economist at LPL Financial.
American Institute for Economic Research’s Daily Economy blog. What I like about this blog is that it can help you think more like the hedgehog than the fox in philosopher Isaiah Berlin’s famous essay—thatRead More
“ A large amount of credit card debt could be a red flag for financial instability and could lead to problems. Obscene car loans or underwater mortgages could also be destructiveRead More
“The somewhat slower pace of jobs growth in January is consistent with the slowdown in the economy’s growth in the fourth quarter of 2015,” Polina Vlasenko, a senior research fellow at the American Institute for Economic Research, said in an email. U.S. economic growth fell to 0.7 percent, below the consensus estimate of 0.8 percent.