Post from Invesco Blog Jon Vogler – Senior Analyst, Retirement Research July 26, 2019 Trust funds now projected to be depleted one year later in 2035 There are a few bright spots for the nation’s retirement security system, but concerns remain about the long-term outlook for Social Security. The annual report of the Social Security […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist July 22, 2019 This Friday, the government will release its initial estimate of real GDP growth in the second quarter, and the headline is likely to look soft. At present, we’re projecting an initial report of growth at a […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist July 15, 2019 Until recently, Fed Chair Jerome Powell sounded a consistent theme: the Fed is data dependent and will stay that way, unswayed by noise or pressure from politicians. When the FOMC released its rate decision last month, […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist July 8, 2019 The S&P 500 is up 27% from its Christmas Eve low, and 19.3% this calendar year through the close on Friday – not including dividends. Last December, our forecast for 2019 was 3,100. We’re just 3.7% […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist July 1, 2019 As of today, the current economic expansion is the longest in US history. Ten years and a day. But just because it’s the longest doesn’t mean it’s the best. The expansions of the 1960s, 1980s, and […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist June 24, 2019 The narrative that the U.S. economy is in trouble – some say teetering on the edge of recession – has become so powerful and persuasive that few investors give it a second thought. So of course, […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist May 20, 2019 At the close of activity on Friday the futures market in federal funds was projecting a 75% chance of at least one rate cut this year. From now through the end of 2020, the market is […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist May 13, 2019 Since hitting new all-time highs two weeks ago, the S&P 500 has fallen about 2.2% as trade negotiations with China hit a snag. Last week, the US announced new tariffs on Chinese imports. This morning, China […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist May 6, 2019 If you take a long hike up a mountain, there’s plenty to appreciate along the way. But, sometimes, you just have to stop and enjoy the view. With that in mind, let’s forget about the April […]
Post from First Trust Economics Blog Brian S. Wesbury – Chief EconomistRobert Stein, CFA – Deputy Chief Economist April 29, 2019 Less than two months ago, conventional wisdom thought the US economy was in real trouble. The consensus expected real GDP would barely grow, if at all, in the first quarter of 2019. Many were in a […]
