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Stocks could be rocky on trade, economy

Stocks could be rocky on trade, economy

Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters The final week of August — the bittersweet end of summer for many— could be highly volatile, as markets fret over the economy and the latest developments in trade wars. President Donald Trump joins the G-7 leaders […]

Fed Vice Chair Clarida says the global economic outlook has worsened

Fed Vice Chair Clarida says the global economic outlook has worsened

Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month. “Obviously, the global economy has worsened since our July meeting,” Clarida told CNBC’s Steve Liesman on Friday from the Fed’s economic policy symposium in Jackson Hole, Wyoming. “The global economy is slowing and there’s powerful disinflationary pressures.” […]

Trump’s trade threats just increased the chances for a recession

Trump’s trade threats just increased the chances for a recession

The latest escalation in the trade war between the U.S. and China increases odds the U.S. economy will fall into recession— and that the Federal Reserve will try to stop it with more aggressive interest rate cuts. President Donald Trump called on U.S. companies Friday to find alternatives to China, following a new round of […]

It’s harder to find bright spots in global economy

It’s harder to find bright spots in global economy

International Monetary Fund chief economist Gita Gopinath speaks during a press conference in Washington D.C., on April 9, 2019. Liu Jie | Xinhua News Agency | Getty Images The outlook for the global economy keeps getting bleaker, the chief economist at the International Monetary Fund said Friday. “As the year is progressing, it’s getting harder […]

Fed Chairman Jerome Powell Jackson Hole speech: No ‘rulebook’ on trade

Fed Chairman Jerome Powell Jackson Hole speech: No ‘rulebook’ on trade

Federal Reserve Chairman Jerome Powell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow. Less than an hour after the speech, President Donald Trump blasted Powell on Twitter, referring to him as “our enemy.” Powell, while not saying specifically where he thought rates […]

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