These
are the 20 best-performing stocks of the past decade, and some of them will
surprise you–Some lesser-known companies have special advantages in their
industries PHILIPVAN DOORN
After delivering three interest-rate cuts this
year, the Federal Reserve seemed to indicate that it “would need to see a
really significant move up in inflation that’s persistent before we even
consider raising rates to address inflation concerns.” As a result of
this, the bank expects fund rates to remain unchanged in 2020.
Earlier this year, the bank’s economists put the risk of a US
recession within the next 12 months at one in three. Now it’s cut the chances
to one in five.
“The
current expansion is now the longest in US business cycle records dating to the
1850s, and some recession fears may simply reflect an instinctive sense that
its time is nearly up,” the economists said.
“This
has not been an unreasonable thought historically, as the two usual late-cycle
risks-inflationary overheating and financial imbalances-often did grow over
time. But so far both risks look limited,” they added.
Low recession risk, faster growth, and
unemployment at a 70-year low — here are Goldman Sachs’ predictions for the US
economy in 2020–Yusuf Khan
