On Wednesday the Fed said it is not going to raise its key interest rate as expected. They also cut forecasted U.S. economic growth and inflation, and significantly lowered its estimate for the number of rate hikes in 2016. The Fed’s committee, led by Chair Janet Yellen, estimated back in…
There’s a lot of data out there this coming week and here’s what we are playing close attention too: 1. U.S. retail sales report This wee the Commerce Department will publish data regarding November retail sales at 8:30AM EST Friday. The forecast will show more than likely that retail sales…
USAA, one of the largest U.S. issuers of debit and credit card, has made the choice to switch to using Visa from its longtime partner, MasterCard, the company said on its website this week. “USAA Bank is moving from MasterCard to Visa. As our primary network, this provides us the opportunity…
The Pentagon is not really broke. The amount of money available just isn’t what it was before. Worst-case scenario, it will only have about $496 billion to spend this year. That is a huge amount of money, don’t get us wrong but that’s also less money than it used to have,…
Corporate earnings season should pick up steam on Wednesday and that will be the next big test for stocks. Take note that big financials like Bank of America, Wells Fargo and BlackRock will report ahead of the opening bell, followed by J.P. Morgan and their disappointing results late Tuesday. J.P. Morgan earned $1.32 per share,…
Much of the talk around Deflation these days is centered on the euro zone and parts of other emerging markets. However the bigger picture show the U.S. is dancing on the brink itself. It it wasn’t for a comparatively high inflation rate in the Western quadrant the truth is the U.S….