Federal Reserve

“I don’t see the basis” for a recession

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Treasury Secretary Janet Yellen told Yahoo Finance that she “doesn’t see the basis” for a US recession and that she expects the Federal Reserve to reach its 2% inflation target next year – a faster pace than as predicted by central bank policy makers. “I expect inflation to come down and going into next year … Read more

Micron, FedEx, PCE, GDP data: The week ahead

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US stocks (^GSPC, ^DJI, ^IXIC) are mixed on Monday morning as the market awaits consumer confidence, GDP and initial jobless claims data. Personal Consumption Expenditure (PCE) data, the Federal Reserve’s preferred measure of inflation, is also scheduled for release. Carnival Cruises ( CCL ), FedEx ( FDX ), Nike ( NKE ), Micron ( MU … Read more