BofA Sees Net Interest Income Growth Slowing
Interest rate expectations "have been lowered, plus we have some seasonal headwinds in Q2," CFO Paul Donofrio says.
Fed Cited Sluggish Growth for Patience on Rates
Policymakers still appear to have left themselves "some wiggle room” in determining monetary policy for the rest of 2019.
U.S. Consumer Prices Jump 0.4% in March
“The uptick in inflation, being largely driven by higher gas prices, is unlikely to worry investors or the Federal Reserve."
Trump Taps Former Pizza Exec Cain for Fed Seat
Fed veterans are concerned Trump is seeking to reshape the central bank with political loyalists Herman Cain and Stephen Moore.
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.
4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
NY Fed Warns of High Auto Loan Delinquencies
“The substantial and growing number of distressed borrowers suggests that not all Americans have benefited from the strong labor market,” the bank says.
U.S. Industrial Output Declines 0.6% in January
“It looks like Fed officials were smart to stop their gradual rate hikes as the economy seems to have entered a soft patch,” an economist says.
U.S. Employers Add 304,000 Jobs in January
The unexpectedly large gain suggests employers "have not let up one bit on their hiring in response to risks out there in the world economy."
Fed Shifts to ‘Patient’ Policy on Rate Hikes
The central bank indicated it will slow the pace of interest rate increases in response to changing economic conditions.
U.S. Consumer Prices Drop 0.1% in December
The Fed will view the first decline in the CPI since March as "further proof that price pressures are building more slowly than some have feared."