NEW YORK - Today's uncertain economic climate is putting particular pressure on four market segments. Here's what to watch out for in the months ahead according to Charlies Schwab. A one-two punch of persistent inflation and high interest rates is creating pockets of weakness across the investment universe. We polled Schwab experts for their views
ANN ARBOR - The U.S. economy should avoid a recession over the next two years, though economic growth is expected to be modest as consumers deal with high interest rates and, for many, dwindling saving account balances. University of Michigan economists see an increasing likelihood of an economic soft landing, noting a resilient labor market
MUNCIE, Indiana – Extreme social distancing occurring in the United States is more than sufficient to create a recession as mass layoffs cause unemployment to exceed 10.5 percent nationally, says a new report from Ball State University. Within 90 days, the economic downturn caused by governmental efforts to mitigate the novel coronavirus will cause unemployment
ANN ARBOR—The U.S. economy, buoyed by low unemployment rates along with robust consumer spending, marked its longest expansion in history this summer yet the pace of growth has cooled. Get ready for a continued slowdown ahead, as growth slides from 2.9% a year ago to 2.3% this year, and to 1.7% in 2020-21, according to
ANN ARBOR - The U.S. economy should continue to grow over the next two years, but the pace of growth will slow as fiscal stimulus in the form of the effects of the 2017 tax changes and increased federal spending fade, economists at the Research Seminar in Quantitative Economics as the University of Michigan forecast
DETROIT - The latest economic outlook from Business Leaders for Michigan shows far less optimism for the future among the state’s business executives. In the quarterly poll, only 31 percent of respondents said they held a positive view for the U.S. economy over the next six months, and just 22 percent believe Michigan’s economy will improve during
ANN ARBOR—In Donald Trump's first three quarters as president the U.S. economy has averaged a solid 2.4 percent growth rate, still well short of the 4 percent he promised as a candidate and under the 3 percent his first federal budget proposal assumed. University of Michigan economists are projecting that overall economic output growth, as
ANN ARBOR - The annual unemployment rate will likely fall below 5 percent next year - the first time since 2007 - as the U.S. economy grows at its highest rate in a decade, economists at the University of Michigan predicted Thursday. The national economy will add 4.7 million jobs over the next two years
