Federal Reserve policy over the last decade has at times thrown off the traditional relationship between equities and Treasuries.
When it comes to his oft-stated goal of reducing the U.S. trade deficit, President Donald Trump isn't winning. The current account deficit - a broad measure of the trade balance that also encompasses some investment flows - has averaged $48.9 billion a month so far in 2019, roughly 17% higher than in 2016, the last full year before Trump took office.
Banks quick to raise dividends and buybacks following Fed results.
New orders for manufactured durable goods slipped by 1.3% in May to $243.4 billion, the U.S. Census Bureau reports. Economists had forecast no change during the month.
Federal Reserve Chairman Jerome Powell says the central bank shouldn't 'overreact' to signals that the U.S. economy might be slowing. His comments, made during an onstage interview, came after at least one member of the central bank's monetary-policy committee voted last week to cut official U.S. interest rates, bucking Powell's push to keep them at their current level.
Federal Reserve officials last week scrapped a pledge to be 'patient'' when deciding whether to cut U.S. interest rates to ward off an economic downturn. The move was seen as inching the Fed closer to a possible reduction in July. But Robert Kaplan, president of the central bank's Dallas branch, argues in a new essay that 'additional time' is needed to evaluate whether to make any changes in monetary policy.
Synchrony, the bank spun off from General Electric in 2014, has posted impressive asset growth and profitability in recent years. But some investors are leery of the stock because of the potential for steep losses if the U.S. economy takes a turn for the worse.
Cash is king from a risk vs. reward perspective.