Preston Caldwell

The Democrat's platform proposes major new spending programs, including healthcare, clean/renewable energy, infrastructure, and education, among others.

David Sekera, CFA Nov 4, 2020

We Still Expect a Strong U.S. Economic Recovery

Neither the U.S. election outcome nor the coronavirus third wave will derail it.

Preston Caldwell Nov 3, 2020

How Could the Election Impact U.S. Equities?

In the event of a Biden win, aftertax earnings could take a hit from higher corporate taxes.

Preston Caldwell Oct 30, 2020

What Could a Democratic Clean Sweep Mean for Policy, Taxes, and the Economy?

Macroeconomic impact will likely be muted, and the boost in taxes and spending won't be unprecedented.

Preston Caldwell Oct 30, 2020

Economic Outlook: We Don't Think the Market's Too Optimistic

We forecast a strong long-run U.S. recovery.

Preston Caldwell Oct 8, 2020

Avoiding a Long-Term Financial Crisis After COVID-19

Our research analysts suspect that we've safely averted much of what would result in a long-term financial crisis during the COVID-19 economic downturn.

Preston Caldwell Aug 31, 2020

It's Not the 2008 Global Recession All Over Again

Risks are far lower than during the last U.S. financial crisis, despite COVID-19's impact.

Preston Caldwell Aug 20, 2020

We're Forecasting a Strong Long-Run Economic Recovery

We don't think the market's engaging in irrational exuberance.

Preston Caldwell Jun 30, 2020

How Fast Can the U.S. Economy Recover From COVID-19?

We project a much quicker (and more complete) recovery than the one after the Great Recession.

Preston Caldwell Jun 22, 2020

How Is the U.S. Economy Handling COVID-19 So Far?

Fiscal stimulus is already substantially boosting economic activity.

Preston Caldwell Jun 19, 2020

Morningstar Talks COVID-19 Economic Impact, Vaccines

Preston Caldwell Jun 10, 2020

Projecting Coronavirus' Long-Run Economic Impact

We've updated our near-term GDP forecast and look to previous recessions for longer-term guidance.

Preston Caldwell May 14, 2020

More About Preston Caldwell

Preston Caldwell is senior U.S. economist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He leads the research team's views on U.S. macroeconomic issues, including GDP growth, inflation, interest rates, and monetary policy.

Previously, he served as a member of the energy sector team, covering oilfield services stocks and helping to craft Morningstar's long-term oil price forecasts.

Caldwell holds a bachelor's degree in economics from the University of Arkansas and earned his Master of Business Administration from Rice University.

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