Marketplace’s Paddy Hirsch takes to his whiteboard – with some help from three little pigs – to explain one of the suggested methods of tackling the European debt crisis:
AUTHOR
Interactive Advisors
You may also like
The latest US home price data reveals a gloomy picture, with prices declining for six consecutive months with no relief in sight.
Freedom to think outside the box won’t guarantee impressive returns, but it may be a prerequisite to them.
Chair Powell has managed to stay on message about remaining cautious ahead of the potential effects of tariffs and resisted getting sucked into partisan politics. Since nothing he wrote or later said was particularly market-moving, equity traders could resume buying.
The markets remain supported by strong fundamentals, such as growing earnings, sturdy consumer spending, a healthy labor market and cooperative inflation. Given the economic momentum, Fed Chair Powell indicated that the central bank is in no hurry to lower interest rates further.