Despite all the macro evidence that points to some potentially tough times ahead, traders seem to be happy knowing that those times are not yet here. Technology stocks this morning are attempting a comeback given the pressure they have been under the past few weeks.
BlackRock CEO Fink Sees US Avoiding Recession Until 2025
BlackRock CEO Larry Fink says the US has "a very vibrant economy" and may not enter a recession until 2025. He made the comments during a conversation with Bloomberg's Dani Burger at the Berlin Global Dialogue forum.
Federal Reserve Bank of Richmond President Thomas Barkin said it’s too soon to know if another rate increase will be needed, noting that headwinds from a potential government shutdown could create more uncertainty for the economy. He also talks about the potential impact of a government shutdown with Bloomberg's Michael McKee.