Governments doing more and Central Banks less

Governments doing more and Central Banks less

G-20 wants Governments doing more and Central Banks less Finance chiefs from the world’s top economies committed their governments to doing more to boost global growth amid mounting concerns over the potency of monetary policy. In a pledge that will prove easier to write than deliver and may disappoint investors looking for a coordinated stimulus plan, the Group of 20 said “we will use fiscal policy flexibly to strengthen growth, job creation and confidence.” After a two-day meeting in Shanghai, finance ministers and central bank governors also doubled down on a line…

Economists React to the Fourth-Quarter GDP Report: ‘Less Than Meets the Eye’

Economists React to the Fourth-Quarter GDP Report: ‘Less Than Meets the Eye’

The U.S. economy expanded at a 1% rate in the final three months of 2015, better than a previously reported 0.7% gain, the Commerce Department said Friday. Here’s what economists had to say. “In short, the details of the upward revision to GDP were negative, with inventories less of a drag than before. That probably means more of a drag going forward at some point. Overall, though, the report is unlikely to affect forecasts significantly. Data available so far for the first quarter suggest a pickup from the 1.0% overall pace, even if inventories are still…

Stocks Rise After Fourth-Quarter GDP Revised Higher

Stocks Rise After Fourth-Quarter GDP Revised Higher

Stocks moved higher on Friday after the latest data showed fourth-quarter growth in the U.S. economy wasn’t as bad as feared. The S&P 500 was up 0.38%, the Dow Jones Industrial Average added 0.39%, and the Nasdaq rose 0.72%. The second estimate of fourth-quarter GDP was revised up to an annual rate of 1% from 0.7%, suggesting that the U.S. economy was in better shape than expected to close out last year. Economists had expected GDP to be revised down to 0.4% growth. A stronger U.S. dollar and an inventory buildup continued to hurt manufacturing, though, with exports…