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Pieter Stalenhoef Has a Largely Optimistic View of the US Economy for the Upcoming Year

In one of his recent interviews, well-known financial industry professional Pieter Stalenhoef expressed how he feels that the recent comments made by Federal Reserve officials have shifted the spotlight on a largely optimistic view of the US economy for the upcoming year. Sharing reference from one of the most highly viewed programs in early January 2020 in which the Cleveland Fed President was in conversation with Bloomberg Television, Stalenhoef said that in spite of the increasing geopolitical uncertainties, the fundamentals driving the economy look quite strong.

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Pieter Stalenhoef Has a Largely Optimistic View of the US Economy for the Upcoming Year

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  1. Pieter Stalenhoef Has a Largely Optimistic View of the US Economy for the Upcoming Year In one of his recent interviews, well-known financial industry professional Pieter Stalenhoef expressed how he feels that the recent comments made by Federal Reserve officials have shifted the spotlight on a largely optimistic view of the US economy for the upcoming year. Sharing reference from one of the most highly viewed programs in early January 2020 in which the Cleveland Fed President was in conversation with Bloomberg Television, Stalenhoef said that in spite of the increasing geopolitical uncertainties, the economy look quite strong. fundamentals driving the

  2. Pieter Stalenhoef also notes that the major area of concern at the moment is the manufacturing sector since even though quite unexpectedly, it has posted its lowest level of economic activity in a decade. Pieter describes it as a slight contraction and believes that while the business investment may still be slow, it has already been brought to the attention of Dallas Fed President that US consumer spending retains the strength that is sure to push growth in the range of 2 to 2.5 percent throughout 2020 & early 2021. He further says that while there is still some concerns about inflation not hitting its target of 2 percent, the interest rates were left unchanged at the most recent Fed meeting following a series of cuts in the year 2019.

  3. Talking about Pieter Stalenhoef’s professional experience, he is best known for his extensive knowledge in media, health care, and consumer sectors. He is a member of the Boston Security Analysts Society and also has experience working in a variety of verticals such as a highly rated fund by Morningstar. Currently, he is working for Highland Financial Group, Wellesley Hills, Massachusetts, as a Financial Planner. Outside of work, his interests include sports, such as tennis, skiing, cycling. He is a creative photographer and an aspiring novelist as well.

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