Tag Archives: Outlook

Wells Fargo quiets the skeptics with strong earnings and a reinvigorated outlook

Wells Fargo quiets the skeptics with strong earnings and a reinvigorated outlook

Wells Fargo shares surged on Tuesday after the bank reported better-than-expected third-quarter results and raised a key financial return target, signaling confidence in the years ahead. Total revenue for the three months ending Sept. 30 increased 5.3% year over year to $21.44 billion, beating analysts’ expectations of $21.15 billion, according to market data provider LSEG. Earnings per share (EPS) of …

Read More »

IMF more upbeat about US growth than just months ago, but outlook is dimmer than last year

IMF more upbeat about US growth than just months ago, but outlook is dimmer than last year

WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the agency also said the extensive duties still pose risks. The United States’ economy will expand 2% in 2025, the IMF projected …

Read More »

Speech by Chair Powell on the economic outlook and monetary policy

Speech by Chair Powell on the economic outlook and monetary policy

Thank you, Emily. And thank you to the National Association for Business Economics for the Adam Smith Award. It is an honor just to be mentioned alongside past recipients, including my predecessors Janet Yellen and Ben Bernanke. Thank you for this recognition and for the opportunity to speak with you today. Monetary policy is more effective when the public understands …

Read More »

IMF lifts growth outlook on more benign tariffs as revived US-China trade war looms – Reuters

IMF lifts growth outlook on more benign tariffs as revived US-China trade war looms  Reuters ‘Premature’ to conclude that Trump’s tariffs haven’t hit the global economy, the IMF says  CNN Global Growth Remains Sluggish as Tariff Threats Loom  The New York Times World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF  The Guardian Trade Tensions Weigh on IMF’s Outlook for Global …

Read More »

World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF | Global economy

World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF | Global economy

The global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned. As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from …

Read More »

Consumer outlook for household finances falls to lowest in over a decade

Consumer outlook for household finances falls to lowest in over a decade

U.S. consumers have rarely felt worse about their economic futures, according to data released Friday from the University of Michigan’s widely followed Surveys of Consumers. Consumers’ five-year outlooks for their household finances fell to the lowest in over a decade in October, preliminary results of the monthly survey found. With an index reading of 96, it’s the worst month since …

Read More »

Speech by Governor Barr on the economic outlook

Speech by Chair Powell on the economic outlook and monetary policy

Thank you to the Economic Club of Minnesota for the opportunity to speak to you today.1 I’m happy to be here for several reasons, one of which is that I have roots in Minnesota. My grandmother was born and raised in Eveleth, where her parents ran a small clothing store they opened in 1906 to serve the growing population that …

Read More »

What we’re hearing about the Cubs’ pitching outlook ahead of NLDS Game 2

What we’re hearing about the Cubs’ pitching outlook ahead of NLDS Game 2

MILWAUKEE — Shota Imanaga’s nickname roughly translates to “The Throwing Philosopher,” a descriptor for his studious approach to pitching and commitment to his craft. Up close, the Chicago Cubs have seen how the Japanese lefty sifts through information, reads hitters’ swings and makes adjustments in the moment. To beat the best team in baseball, Imanaga will need all of that …

Read More »