Of all the fears investors have faced over the past 30 years, high inflation wasn’t among them. In 2021, that’s changed.
In the final months of this year, we expect the U.S. Federal Reserve to begin scaling back some of the extraordinary stimulus measures launched last year in the early stages of the pandemic. Although the Fed chose not to break any news about its first move at the September 2021 meeting, we already know the initial step. The central bank will begin by reducing, or tapering, the pace of its bond buying.
This week marks the beginning of the endgame in Washington, D.C., as Democratic Party leaders seek approval for a multitrillion-dollar legislative agenda while — at the same time — attempting to avoid an ugly battle over the U.S. debt ceiling and a potential government shutdown.
Recently, Ark held its latest quarterly webinar reviewing performance and highlights of the previous quarter, where CEO and Chief Investment Officer Cathie Wood and fund managers offered their analyses of the recent past and outlooks for the future performance of their funds as well as the broader economy and market and selected industries.
In a keynote address recently, Siegel shared his thoughts on the state of the markets and the economy. Here are the top 10 predictions he made for the economy.
As the Federal Reserve transitions from merely talking about tapering its bond holdings to actually tapering, investors may be left wondering what it might mean for the markets and their portfolios. Here’s a quick review of the Fed’s policies, what happened the last time the Fed tapered, and whether it will be different this time.
Could the economy slow faster than expected? Some investors have begun to worry that the spread of the COVID-19 delta variant and the drying up of fiscal and monetary stimulus could put the brakes on economic growth.
In January 2021, we made a series of projections about trends that would characterize 2021 and the recovery from the COVID-19 pandemic. Since then, some countries have rolled out widespread COVID-19-vaccination efforts; in others, there have been reverses. Circumstances have changed.
Thanks largely to rising consumer spending and trillions in government stimulus, U.S. gross domestic product rose an annualized 6.4% in the first three months of the year, and total U.S. economic output could return to pre-pandemic levels by the end of 2021, years ahead of earlier expectations.
Second quarter is likely the peak growth rate for both the economy and corporate earnings; with positive economic surprises waning.