News

‘We’re not going back to the same economy’: The rise of technology poses risks to low-paid service workers amid the ongoing recovery, Fed Chair Powell says

The US economy won’t return to the exact same state it was in before the pandemic, Federal Reserve Chair Jerome Powell said Thursday. The health crisis is accelerating digitization throughout the economy, and Americans already slammed by the virus’s fallout are at the highest risk of losing their jobs, he […]
‘We’re not going back to the same economy’: The rise of technology poses risks to low-paid service workers amid the ongoing recovery, Fed Chair Powell says
Markets

The world’s largest wealth manager explains how the Fed has completely altered how the stock market works — and says the S&P 500 can climb another 9% by next June

The Federal Reserve’s unprecedented monetary easing decoupled the stock and Treasury markets, but it might play right into investors’ hands, Mark Haefele, chief investment officer at UBS, said Thursday. Treasury yields typically rise when stocks do, but the Fed’s forecast of near-zero rates lasting for years led Treasurys to sink […]
The world’s largest wealth manager explains how the Fed has completely altered how the stock market works — and says the S&P 500 can climb another 9% by next June