Académique Documents
Professionnel Documents
Culture Documents
THE FED
ECONOMY WORLD ECONOMY US ECONOMY THE FED CENTRAL BANKS JOBS GDP OUTLOOK
Yun Li | @YunLi626
Published 3 Hours Ago | Updated 2 Hours Ago
by Taboola
"We believe the U.S. economy can sustain strong performance next
year, but it can ill afford a major policy error, either from the Fed or
the rest of the administration. Given recent economic and market
developments, the Fed should cease—for now—its double-barreled
blitz of higher interest rates and tighter liquidity," Drunkenmiller
said.
The S&P 500 is down 11 percent and counting from its record high
hit earlier in the year as recession fears mount. Bank stocks have led
the decline with the financial sector in the S&P 500 down more than
20 percent over that same time span. Other economically sensitive
sectors, like housing, transport and industrials, are down by double
digits, underperforming the broader markets, Drunkenmiller
pointed out in the op-ed.
Yun Li
Markets and Investing Reporter
The one thing the Fed is getting all wrong, according to a veteran
economic forecaster
Jim Chanos says there's something wrong with the stock market
when rates this low cause panic
A big market collapse and $20 oil make the list of Nomura's 'grey
swan' predictions for 2019
Independent Programming Subscribe to CNBC PRO Licensing & Reprints News Tips CNBC Newsletters
Join the CNBC Panel Advertise With Us Closed Captioning Got a confidential news tip? We want to hear Sign up for free newsletters and get more CNBC
from you. delivered to your inbox
Digital Products Terms of Service Privacy Policy
About CNBC AdChoices Site Map Get this delivered to your inbox, and more info about our
products and services. Privacy Policy.
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.