Contrary to public pronouncements, an internal report prepared for the Russian government predicts that the country may face a longer and deeper recession as the impact of U.S. and European sanctions spreads.
A resolution was adopted to restrict the use of sustainability factors in making investment decisions in the Florida Retirement System defined-benefit plan.
Tomorrow's U.S. Department of Labor jobs report might "put a stamp of confirmation" on indications that the economy is very resilient—and convince the Fed to initiate another 75 bps increase in interest rates.
Quantitative tightening may draw reticent short-term investors back into Treasuries, although some analysts believe that, "from a cash-market perspective, nothing will change when the first bill runoff takes place on Thursday."
Despite two quarters of GDP decline, the U.S. is not currently in a recession, says the official arbiter of such things, the NBER's Business Cycle Dating Committee.
