Where’s the Recession? Ten days ago we got the employment report for January, which showed a payroll increase of 304,000 and the highest share of adults working since 2008. Yes, February has seen both initial and continuing unemployment claims average higher than in January, but only slightly. In other words, job growth looks set to continue shutting down economic naysayers.
Tag Archives: GDP Growth
“Fading” Fiscal Stimulus; Really? Fed Chair Jerome Powell and others have started a new narrative about economic “headwinds.” They think past rate hikes, slower foreign growth, and “fading fiscal stimulus” should slow the Fed’s rate hikes. But is fiscal stimulus really fading?
2018: Dow 28,500, S&P 3,100. Please note a disclaimer from me, Charles Scott. I’m posting this despite the fact that I really don’t like predictions of the future, no matter how in depth the thought behind those predictions are. Having said that, here’s what First Trust sees for the year ahead….