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Wall Street to Your Street
December 2017 outlook: Federal Reserve likely to raise rates
December 5, 2017 | Mark Simenstad, Chief Investment Strategist
With gross domestic product (GDP) growth at 3.3% annualized in the third quarter, the Federal Reserve (Fed) is likely to raise rates in December for the fourth time in the past 13 months. The Fed raised the federal funds rate by 25 basis points (0.25%) last December and again in March and June of 2017 to a new range of 1.00% – 1.25%.
November market recap: Stocks continue upward momentum
December 5, 2017 | Gene Walden, Senior Finance Editor
Stocks continued their positive performance in November amidst signs of a strengthening economy. Every sector of the S&P 500® posted gains in November.
Job growth is back on track with 261,000 new jobs in October
November 8, 2017 | Mark Simenstad, Chief Investment Strategist
Employment growth recovered in October from a hurricane-impacted lull in September, with 261,000 new jobs added for the month, according to the U.S. Bureau of Labor Statistics Employment Situation Report issued November 3 (Exhibit 1). The September number, which was originally reported as a 33,000 decline in jobs, was revised up to an 18,000 gain for the month. That means jobs have increased for 85 consecutive months.
November 2017 outlook: Economy has brightened but challenges still loom
November 2, 2017 | Mark Simenstad, Chief Investment Strategist
A number of economic signs have recently pointed to a strengthening economy and solid prospects for the future, but the U.S. and global economies may not be out of the woods yet. There are a handful of challenges both here and abroad that could stall the recovery.
Wall Street to Your Street: