Category Archives: Job Market

What Correction? $6.3 Trillion Manager BlackRock Just Boosted its Outlook on US Stocks

Joe Ciolli * BlackRock raised its outlook on US stocks to overweight from neutral, citing the positive effect of fiscal stimulus on earnings growth. * The firm notes the ratio of upward profit revisions for US companies relative to downward ones is the highest since 1988. On the heels of the stock market’s first 10% correction in two years, BlackRock has turned positive on US equities. Enticed by the earnings growth that should result from… Read More »

5 Things: What Yellen’s Fed Tenure Will Be Remembered For

When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world’s most powerful central bank, a position that carries enormous sway over the global economy. Yellen will be remembered, too, for her achievements in deftly guiding the Fed’s role in the U.S. economy’s slow recovery from a crushing financial crisis and recession. She… Read More »

IMF Revises Up Global Growth Forecast Helped by Trump Tax Cuts

Noah Barkin, Dmitry Zhdannikov The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019 saying that sweeping U.S. tax cuts were expected to boost investment in the world’s largest economy and help its main trading partners. In an update of its World Economic Outlook, the IMF however warned that U.S. growth would likely start weakening after 2022 as temporary spending incentives brought about by the tax cuts… Read More »