A default by the U.S. government would have “catastrophic consequences” for the U.S economy, warned CalPERS Chief Investment Officer Joseph Dear on Monday.
October 14, 2013 | 04:11 pm
As Washington policymakers deal with the deadline dramas of an expiring budget resolution and the federal debt ceiling, money managers and their institutional clients are taking it all in stride.
September 30, 2013
The Federal Reserve is likely to continue or even expand its self-described “highly accommodative” monetary policy for some time, according to a statement issued Wednesday at the end of a ...
May 01, 2013 | 04:09 pm
President Barack Obama's federal budget proposal to restrict accumulations in retirement programs would, if enacted, affect in a direct way only a very few participants, but would undermine the...
April 29, 2013
The retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.
April 15, 2013
The Federal Reserve Open Market Committee voted Wednesday to keep the federal funds rate at zero to 0.25% until the unemployment rate improves, and to continue monthly purchases of $85 billion in...
March 20, 2013 | 04:11 pm
he following comments were overheard at a recent meeting of Debt-aholics Anonymous.
February 04, 2013
Gradual economic growth and little progress in the unemployment rate convinced members of the Federal Open Market Committee to continue with monthly Treasury purchases of $85 billion and to keep the...
January 30, 2013 | 04:00 pm
While wholesale policy changes are not expected in President Barack Obama's second term, some new Capitol Hill assignments have sparked a glimmer of optimism among retirement and investment industry...
January 21, 2013
Uncertainty caused by last-minute congressional negotiations to avert the fiscal cliff created pessimism about the economy and markets in the short term, according to Pension & Investments readers...
January 07, 2013
Any fiscal-cliff resolution is being seen as nothing more than a “bare-bones” extension approved by the end-of-the-year deadline.
December 28, 2012 | 03:46 pm
The economic outlook for 2013 remains clouded by the on-going fiscal cliff talks in Washington and overall government debt levels here and abroad, Loomis Sayles Vice Chairman Dan Fuss, said in a...
December 20, 2012 | 12:01 am
As politicians in Washington consider a resolution to the Fiscal Cliff, they could learn important lessons from people's opinion of profiteering.
December 18, 2012 | 03:42 pm
Forty percent of respondents to the CFA Institute's annual global market sentiment survey expect the global economy to expand next year, up from 34% a year ago.
December 10, 2012 | 03:57 pm
Eighty-three percent of Pensions & Investments readers believe a cut of retirement plan tax incentives would have a negative impact on retirement savings.