M&A activity to continue cooling and earnings downgrades to intensify as U.S. economic growth slows
The Securities Industry and Financial Markets Association’s Economic Advisory Roundtable predicts that the pace of U.S. economic growth will accelerate through the balance of this year and into 2008.The median forecast anticipates below-trend GDP growth of 2.2% in 2007, increasing to 2.8% in 2008 as the economy works through the housing sector correction. Additionally, the […]
U.S. economic growth expected to rise after a disappointing first quarter
Investors should expect greater volatility in financial markets
Large proportion of deals financed with borrowed cash
275,000 lost manufacturing jobs offset by 1.5 million gains in rest of economy, says CIBC World Markets
U.S. economic activity expanded from mid-April through May, with a number of areas reporting stronger growth, the U.S. Federal Reserve said today.Seven of the 12 Fed districts described growth as modest or moderate, while the others reported growth as moderately strong, edging up, or somewhat faster than in recent months, according to the Fed’s Beige […]
Fund managers expect core inflation to rise
Inflation poses the biggest risk to global growth and the threat it poses is higher than the market is currently anticipating
Federal Reserve chairman Ben Bernanke said today the U.S. economy will rebound from its weak performance at the start of the year, despite the slump in the housing sector.Economic growth in the first three months of this year nearly stalled, logging just a 0.6% pace. It was the worst quarterly showing in more than four […]