U.S. bank stocks, hammered last year amid a slowing economy, feeble trading profits and stiff competition for deposits, could fall another 20% if a recession happens, Goldman Sachs analysts estimated.
A government report shows that the economy added 312,000 jobs in December, well above economists' average projection of 180,000.
5 key things investors need to know about their portfolios and how to proceed after the Fed's disappointing announcement.
The Federal Reserve is widely expected to boost the benchmark for short-term borrowing costs at a meeting that concludes Wednesday. Fed officials may also signal that they might pause or halt the rate-hiking campaign early next year.
President Donald Trump's $1.5 trillion of tax cuts, designed to stimulate growth, have decimated government revenue, ballooning the federal budget deficit and forcing Treasury Department officials to cover the gap by borrowing money in ever-growing amounts. Investors face losses in 2019 as yields on Treasury bonds necessarily rise -- to attract enough buyers for the debt.
Data shows market volatility can impact expectations of the FOMC's rate decisions and the response to the rate announcement.
How to stop an economic calamity while the rest of the planet goes into hibernation? Not easy.