Friday’s opening bell: Boehner, Yellen and U.S. Q2 GDP
In this week’s market update:
- Federal Reserve Chair Janet Yellen revealed her baseline for a 2015 interest rate hike, while U.S. House Speaker John Boehner announced his resignation from Congress. What should investors know about these two developments?
- Which economic data propelled the better-than-expected U.S. Q2 GDP estimate?
- Volkswagen may have spooked the markets and investors alike, but what did this week’s economic data tell us about the European markets?
On this week’s Market Week in Review video, Chief Investment Strategist Erik Ristuben weighs in on two breaking U.S. headlines and the generally positive U.S. economic data released this week. While Federal Reserve Chair Janet Yellen provided investors with some clarity on the possible timing of a U.S. interest rate hike, House Speaker John Boehner announced his resignation from Congress—possibly lowering the likelihood of a government shutdown—all before U.S. markets opened on Friday.
Ristuben dives into this week’s U.S. economic data, a better-than-expected U.S. Q2 GDP estimate, as well as reasons for continued U.S. economic strength and market resiliency – driven by increasing new-home sales, strengthening employment, rising consumption, along with government net spending providing a tailwind for the U.S. economy. Blair Lowman hosts this week’s market update, which concludes with a look at how Volkswagen spooked Europe’s markets and the overall positive economic data released in Europe, including Germany’s Ifo Business Climate Index and the Purchasing Managing Index (PMI).
------
Want to know the economic insights and market forecasts which help guide the Russell Investments’ strategists multi-asset portfolios and services? Be sure to review the Q4 Update 2015 Global Market Outlook released on Thursday, Oct. 1.