First Trust Global Portfolios Limited
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18.10.2022 10:26 - First Trust Global Portfolios Limited: The Nobel Prize in Economics was recently awarded to former Federal Reserve Chairman Ben Bernanke, as well as professors Douglas Diamond and Philip Dybvig, for their work on understanding the role banks play in the economy, especially during a financial crisis. All three of them have done important work that’s worthy of recognition. Banks are key parts of the economy that, by assessing the...
11.10.2022 11:05 - First Trust Global Portfolios Limited: Recent economic reports further undermine the politically-motivated argument from earlier this year that the US was already in a recession. They also undercut the Fed’s hopes that inflation will soon subside. On the job front, nonfarm payrolls rose 263,000 in September while the unemployment rate fell back to 3.5%, tying the lowest level since 1969. Payrolls are up at an average monthly pace of...