Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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The U.S. central bank added a hint of “international” concern to its latest statement. Yet American growth is stronger than in markets where policymakers are easing further. The Fed is still poised to raise rates gradually – as long as overseas events don’t infect its home turf.
Congress’s wonks see debt-to-GDP shrinking for a few years as the $500 bln yearly federal shortfall steadies. Baby-boomer retirement and healthcare costs will, sadly, help reverse the trend. Decade-long forecasts are guesses but suggest lawmakers still have hard choices to make.
A slew of mid-sized lenders like BB&T, U.S. Bancorp and PNC beat fourth-quarter estimates as Wall Street giants faltered. Capital One, though, fell short as loan loss provisions rose. Though small, it’s a sign that an industry slowdown may be more likely than an earnings boom.
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