Friday, July 2, 2021

Going big and going early works: Why this US economic recovery is putting 2009’s to shame

Recoveries from recessions can often feature a burst of pent-up demand, but the current boom has few precedents. If the Federal Reserve is right in its forecast that economic growth will reach 7 percent in 2021, it will be the strongest performance since the recovery from the double-dip recession of the early 1980s. But this good news is no accident.

from Economic Times https://ift.tt/3qK8v4r

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...