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Tag: U.S. economy


Activity, Investment Banking

Wells Fargo profits jump nearly sevenfold amid signs of economic recovery

April 14, 2021

Via: Banking Dive

The San Francisco-based lender expressed optimism that a bounce back of the American economy is starting to show results. “Our results for the quarter … reflected an improving U.S. economy, continued focus on our strategic priorities, and ongoing support for […]


Capital and Risk, Macroeconomic

Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’

April 7, 2021

Via: CNBC

Jamie Dimon is bullish on the U.S. economy – at least for the next few years. In his annual shareholder letter, the long-time JPMorgan Chase chairman and CEO said he sees strong growth for the world’s biggest economy, thanks to […]


Capital and Risk, Macroeconomic

Biden says higher corporate tax won’t hurt economy; Manchin opposes 28% rate

April 5, 2021

Via: CNBC

President Joe Biden said Monday he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic. Asked whether he is concerned that the White House plan […]


Capital and Risk, Macroeconomic

As COVID Restrictions Lifted in March, So Did Jobs (+916,000) and Number of Employed (+609,000)

April 2, 2021

Via: CNSNews.com

As more cities and states reopen, the number of jobs created and the number of employed Americans continues to substantially increase. In March, according to the Bureau of Labor Statistics, the economy added a whopping 916,000 jobs, compared with +468,000 […]


Capital and Risk, Macroeconomic

Powell praises economic recovery and sees Fed pulling back help after ‘substantial’ progress

March 25, 2021

Via: CNBC

Powerful fiscal help from Congress combined with accelerated vaccine distribution has allowed the U.S. economy to recover faster than expected, Federal Reserve Chairman Jerome Powell said Thursday. At some point, that will allow the central bank to dial back the […]


Capital and Risk, Macroeconomic

Here’s where the Federal Reserve sees interest rates, the economy and inflation going

March 17, 2021

Via: CNBC

The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot-plot projections budged little, with most members still expecting to keep rates […]


Capital and Risk, Macroeconomic

Weekly jobless claims drop sharply but labor market remains challenged

February 25, 2021

Via: CNBC

Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below […]


Capital and Risk, Macroeconomic

How Wall Street Reflects the Economy Biden Inherits

January 21, 2021

Via: The New York Times

What big banks reveal about the economy America’s biggest banks have all now released their financial results for the past year, data that reflect the strange economic situation facing President Biden and his new administration. Parts of the economy are […]


Capital and Risk, Liquidity

Fed’s Bostic sees possible interest rate hike as soon as the second half of next year

January 11, 2021

Via: CNBC

Interest rates could rise sooner than forecast as the economy recovers more quickly than expected from the throes of the Covid-19 damage, Atlanta Federal Reserve President Raphael Bostic said Monday. While most of his colleagues don’t see a rate hike […]


Capital and Risk, Macroeconomic

Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate

December 16, 2020

Via: CNBC

The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday. The central bank now expects real gross domestic […]