Finance, Economics, Markets and Technology - Finance, Economics, Markets and Technology

In December 2017 the US federal corporate tax rate on profits over $10 million was reduced from 35% to 21%. This column examines the plausibility of the Council of Economic Advisers’ estimates of how a cut in the corporate profit tax rate…

By Marc ChandlerThis post first appeared on Marc to MarketInvestors are seeing turmoil in the capital markets and a decline in US interest rates, including at the short-end.  Some are suggesting that market has become less confident of…

As the Fed raises rates, it will likely be surprised both by how fragile EMEs are and by the spillover impact Fed policy still has abroad

Policy divergence is the driver of market vulnerabilities. The longer the US stands alone in tightening policy, the greater the stress on the financial system.

Noah Smith notes that wages aren’t the only way Americans make money. Increasingly, income comes via nonwage compensation and government transfers.

As good as the headline unemployment rate appears to be, we should worry that wage growth for the majority of Americans remains weak. The Federal Reserve, acting on the headline rate, will likely make a significant policy error and raise…

It's early days. So I wouldn't call this a crisis. What I would say, however, is that the Fed's rate hike train is doubly negative for the emerging markets. We can see the effects in Argentina and Turkey in particular.

Job growth has now begun a slight re-acceleration. If this trend holds, the unemployment rate will drop into the mid 3% range and the Fed will move to a fourth rate hike. The mix of continued job growth, tightening monetary policy, and late…