S&P 500
7,615.40
-0.09%
Dow Jones
51,327.00
-0.09%
Nasdaq 100
30,644.80
-0.23%
Russell 2000
2,928.08
-0.17%
FTSE 100
10,381.30
-0.06%
Nikkei 225
68,144.20
+0.95%

Investing

Lockhart Of Fed Makes Positive Comments About Economy

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Dennis P. Lockhart the President and Chief Executive Officer of the Federal Reserve Bank of Atlanta told the local Rotary Club that he sees improvements in the economy

He was quoted as saying in regard to the current situation

One of these is the condition of household finances. The financial health of households and consumers is better, broadly speaking, but not yet rosy-cheeked. The process of achieving full health will take longer.

And, he added that state and local governments continue to struggle with low tax bases and high financial obligations.

He added that the largest threat to the economy this year is trouble in Europe

 

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

U.S. Debt Growth Slows As Households Deleverage

Today at noon the Federal Reserve released its Flow of Funds Account report.  In the third quarter, U.S. debt growth grew…

Is Record-High Consumer Debt a Good or Bad Thing?
Paul Ausick |

Is Record-High Consumer Debt a Good or Bad Thing?

The Fed reported Monday that consumer credit rose in November 2017 at the fastest rate in two years and that…

Japan’s FSA Proposes Tax Breaks for Investors as Country’s Cash Savings Hit $14.5T
247patrick |

Japan’s FSA Proposes Tax Breaks for Investors as Country’s Cash Savings Hit $14.5T

A Japanese financial watchdog suggested easing corporate tax rules for crypto and individual stock investors to accelerate the growth of…

This City’s Unprecedented Experiment Gives Poor Residents Money to Spend However They See Fit
Hristina Byrnes |

This City’s Unprecedented Experiment Gives Poor Residents Money to Spend However They See Fit

Recent jobs and economic reports herald good tidings, though growth across the country has been uneven. Many families and towns…

These 5 Big Cities Have Virtually No Poverty
Grant Suneson |

These 5 Big Cities Have Virtually No Poverty

As set by the U.S. Department of Health & Human Services, the poverty threshold in America is an income of…

Jon C. Ogg |

The World Is $199 Trillion in Debt, and Growing

ThinkstockThe world’s economies may have improved since the financial crisis, but now more than ever, the world is drowning in…

The Worst Counties in America to Live
Sam Stebbins |

The Worst Counties in America to Live

The economic output generated by the United States in 2022 was nearly $25.5 trillion. This is more than the combined gross…

Federal Reserve Takes Historic Easing Actions to Stabilize Economy Against Coronavirus Fallout
Jon C. Ogg |

Federal Reserve Takes Historic Easing Actions to Stabilize Economy Against Coronavirus Fallout

The Federal Reserve has gone out of its way to assure financial markets that it is entering into full-blown easing…

Douglas A. McIntyre |

Germany Becomes the World’s Perfect Economy

Germany is the world's perfect economy, by most important yardsticks. The International Monetary Fund recently confirmed that impression.

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826