Bill Schmick: Bulls battle for control of the markets
The equity averages have been trading just below the highs of the year all week. Those who are betting on a kinder, softer Fed in the months ahead believe stocks
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The equity averages have been trading just below the highs of the year all week. Those who are betting on a kinder, softer Fed in the months ahead believe stocks
Less than three percent of American households expect to be much better off 12 months from now, the N.Y. Fed's consumer survey showed. | Economy
Everyone is watching the value of their 401(k) plan go down. You should be watching it go down from “across the pond,” sitting at a sidewalk café in Paris. Anyone traveling in Europe is rejoicing at the exchange rate: Things are more affordable for American tourists this summer, with the exchange rate between the euro and the dollar now about equal. It's the first time since 2002 (in the early years of the euro's existence) that the ratio came close to 1:1, but could come at a cost of global economic stability. The Fed is on track to continue hiking inter...
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