Alexandra ScaggsRead Biography
Bank of America Merrill Lynch took a closer look at which consumers have gotten more confident since the election, and it’s pretty much who you’d expect. The relationship between rising confidence and spending isn’t quite as clear.
So what he’s saying is, the Fed will raise rates at some point and it won’t be a very long time from now. But he’s not saying it’s going to be in a week or a month or a couple of months. Right. OK.
After Mark Zuckerberg published his broad-ranging manifesto last week, some say Facebook’s centralisation and lack of accountability is worrying. Others say the social network will kill journalism as we know it. Those concerns are appropriate — in fact, they might not be sounding the alarm bells loudly enough.