Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm’s recession Continue Reading

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes. Bond funds raked in $9.6 billion Continue Reading

Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed

(Reuters) – Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Continue Reading

Strong U.S. growth, weak inflation leave Fed stuck happily on hold

WASHINGTON (Reuters) – The Federal Reserve is expected to hold interest rates steady at its policy meeting this week as policymakers balance recent stronger-than-expected U.S. economic growth against sluggish inflation. Officials have given no signal in recent weeks of any change to the U.S. central bank’s benchmark overnight lending rate, Continue Reading