Gross Domestic Production

Market jump after Fed lifted ‘trap’, Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money in stocks despite the market jump after the Fed’s decision. Mike Wilson, the company’s chief equity strategist and the company’s chief investment officer, said he thinks Wall Street’s excitement over the idea that rate hikes may slow sooner than expected is premature and problematic. “The …

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Biden struggles with recession talk as major economic report looms

Faced with a potentially grim report this week about the overall health of the economy, President Joe Biden wants to convince a skeptical public that the United States is, in fact, not heading into a recession.. On Thursday, the Commerce Department will release new GDP numbers. Top forecasts such as GDP now for the Atlanta …

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