(Bloomberg) — Wall Street kicked off a pivotal week with the dollar climbing after President Donald Trump reached a tariff deal with the European Union and signs mounted that the US and China will extend their trade truce. Stocks held near a record and bonds edged lower. Most Read from Bloomberg The start of a…
There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…
(Reuters) – Federal Reserve Governor Michelle Bowman, one of the U.S. central bank’s most hawkish policymakers, on Friday signaled she may pay increasing attention to signals from the job market as she weighs policy decisions ahead. Bowman was responding to research presented at a conference examining how the rate-setting Federal Open Market Committee’s monetary policy…