Growth scare on Wall Street gets less scary
The growth scare of 2016, which spooked Wall Street mightily, might be getting a tad less scary, thanks to recent incoming U.S. economic data that has defied naysayers’ fears.
The latest sign of a U.S. economy showing strength -- not weakness -- was a strong private employment report out Wednesday from payroll processor ADP, which showed private employers added 214,000 new jobs in February, above the 190,000 analysts had forecast.
One Wall Street economist says the strong jobs number is miles and miles away from a recession.
“The rest of the world is slowing perhaps, but that isn’t the... read more