Michelle Meyer

The U.S. government recently sent out its second round of stimulus payments worth up to $600 per qualified person. The primary purpose of the payments was to help those who are struggling to make ends meet during the pandemic, but stimulus spending can also serve as a much-needed shot in the arm...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up more than 70% from its March lows, despite the U.S. economy still limping along due to the pandemic. A large part of that market recovery is thanks to the Federal Reserve’s aggressive stimulus spending, so investors are right to be concerned...

As analysts and economists take stock of the degree of damage the COVID-19 pandemic is likely to inflict on the economy, an economist at BofA Securities said the ensuing recession is poised to "take the crown." Record Recession Forecasted The recession resulting from the pandemic is...

On Sunday, the Federal Reserve issued its second emergency interest rate cut of March, slashing its fed funds target range by 1% to between 0% and 0.25%. In addition to the rate cut, the Fed announced a new $700 billion quantitative easing program. On Monday morning, the Federal Reserve said it...

Fourteen months after President Donald Trump said trade wars "are easy to win," investors are still dealing with market weakness and volatility as the trade dispute between the U.S. and China continues, with the latest volley being a U.S. ban on supplying the Chinese phone company Huawei...

The U.S. economy may soon be halfway to an earnings recession, with analysts now anticipating a 0.8-percent decline in fourth-quarter earnings compared to a year ago. Where the economy is headed next will depend heavily on the U.S. consumer, and Bank of America Merrill Lynch economist Michelle...

Bank of America Merrill Lynch released a report Wednesday on Black Friday sales and described the holiday shopping season as having a “weak start.” Analysts led by Michelle Meyer noted that “BAC internal data showed a sluggish start to the holiday shopping season. Spending on BAC...