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Steven Skancke joined the Yahoo! Finance team to chat about the latest Federal Open Market Committee (FOMC) meeting. Skancke shared that while the economic outlook is highly uncertain, the FOMC is predicting positive changes.
Watch the InterviewSteven Skancke is Keel Point’s Chief Economic Advisor and works in Keel Point’s Washington D.C. office. He has over 40 years of experience and has formerly served on the U.S. Treasury’s economic policy team and the White House National Security Council.
It is sometimes difficult to know what news has the biggest impact on financial markets, but last week the S&P 500 rallied 2.8% from its low point on Wednesday on news of a debt ceiling bill passing a crucial house rules committee vote, comments by the newly...
The biggest news affecting financial markets this week is the tentative agreement to suspend the debt ceiling until January 1, 2025, along with certain limits on spending. Although legislative wrangling likely will continue through the week, it should be finalized...
Positive economic news and a belief that the U.S. will avoid a default on its debt service, as well as program and operating obligations, contributed to positive stock market gains this past week and even led some Fed officials to indicate that more interest rate...