Fed Beige Book says contacts report ‘solid’ holiday sales and have ‘modestly favorable’ expectations about 2020

2020-01-15

Getty Images People with shopping bags walk down the sidewalk during the Christmas holiday season last month. The outlook: Economic activity continued to expand “modestly” over the last six weeks of 2019, according to the Federal Reserve’s Beige Book, released Wednesday. Two districts: Richmond and Dallas, reported growth at above-averageRead More →

Fixed-income strategies dominate actively managed ETFs

2019-12-20

Everett Collection Would Daniel Craig, here as James Bond in 2012, like that ETF shaken or stirred? After a series of industry and regulatory decisions in 2019, there’s been a lot of talk about “actively managed” exchange-traded funds, along with some speculation that investors are about to get lots moreRead More →

More borrowers are getting rejected for auto loans

2019-12-16

U.S. consumers might have their pick of employment in today’s robust job market, but that doesn’t mean everyone is getting financed for a car. A Federal Reserve Bank of New York survey of consumer credit released Monday showed a spike in the rate of auto-loan rejections, to 8.1% in OctoberRead More →

Americans keep gorging on debt, thanks to the Federal Reserve

2019-12-10

The Federal Reserve raised official interest rates four times 2018, and investors were expecting more of the same this year. As we know, that didn’t happen. The stock market plummeted in the fourth quarter of 2018, spreads between lower-quality fixed-income investments and government bonds widened, and with an effective fedRead More →