The Federal Reserve's Beige Book for March showed that economic activity continues to expand in 10 of 12 Federal Reserve regions, with the exception of the Philadelphia and St. Louis regions.
A rapid increase over the past decade in the amount of debt taken out by corporations could aggravate the severity of an economic downturn, according to Robert Kaplan, president of the Federal Reserve Bank of Dallas.
Eric Rosengren, president of the Federal Reserve Bank of Boston, says financial markets continue to 'price in downside risks to the economy.'
Let's take a look at what each market is telling us.
In his semiannual testimony before the U.S. Senate, Federal Reserve Chairman Jerome Powell reiterates plans to reconsider the central bank's years-long effort to shrink its $4 trillion balance sheet, given recent 'crosscurrents' in markets and the global economy.
Federal Reserve Vice Chairman Richard Clarida tells a monetary-policy conference in New York that the central bank is considering whether to let inflation run above its 2% target to compensate for past periods of muted price increases.
The Census Bureau reports that new orders for manufactured durable goods orders increased by 1.2% in December, below economists' average forecast for a 1.7% increase.
Minutes from the Fed's January meeting also show the Federal Open Market Committee discussed terminating or modifying a plan to reduce the central bank's roughly $4 trillion balance sheet.
The University of Michigan's index of consumer sentiment rises to a reading of 95.5 in February from 91.2 the prior month, contrasting with a separate report earlier this week from the Census Bureau that showed retail sales fell in December by the most in nine years.
The five-decade Wall Street analyst Dick Bove just couldn't bring himself to raise money for a bank-stock fund at a time when he thinks banks are likely to be lousy stocks.