For months the Fed used the word ‘patience’ to describe its stance toward a rate hike. Having lost ‘patience’ in March, the new buzzword is ‘flexible.’ As used by the Fed, the terms are essentially synonymous.
What the Fed really wants is the flexibility to raise rates when they are absolutely certain higher borrowing costs won’t completely derail the recovery
Whatever coin former Fed Chief Ben Bernanke is now banking, he made it the old fashioned way -- he earned it.
The good news for savers is that interest rates will probably be moving higher by the end of the year so savers will finally start reaping some rewards for their frugality.
Things may get rough for a while after recent weak economic data, but most long-term indicators suggest the U.S. economy is headed in the right direction and hint Wall Street will fall in line with the broader trend.
Monthly job creation has been steadily growing for more than a year, but there's one piece of the employment picture missing: Wage growth.
Former Federal Reserve Chief Ben Bernanke's new blog for the Brookings Institution, the first entry of which was published on Monday, is an exercise in rhetorical balance -- and you can learn a lot, just probably not what you thought you wanted.
Balance will be achieved in the gradual process employed for raising rates once the initial increase is announced later this year.
The word ‘patient’ may have been removed but the sentiment remains.
The Federal Reserve's policy-setting board starts its two-day meeting Tuesday, and despite all the attention on the looming decision on rate hikes, how they will move higher is far more important than when.
A sharply lower fourth quarter GDP reading isn’t great news but it isn’t enough to alter the Federal Reserve’s projected timing for raising interest rates.
Stagnant wage growth and its implications on middle class Americans and the broader U.S. economy is no longer the exclusive province of lofty academics, egg head economists and Federal Reserve fan boys.
The increasingly-confusing split between strong job growth and weak wage growth will once again be front and center Friday when the January jobs report is released.
The most recent statement from the policy-setting Federal Open Markets Committee was a study in cognitive dissonance.
ECB President Mario Draghi on Thursday adhered to the cliched adage "Go big or go home." And for the most part Draghi is being praised for putting the ECB’s money where his mouth is.
The president must figure he has nothing to lose, so in the State of the Union speech he'll likely take credit for the upward tick of the U.S. economy, among other items. In all probability, the applause will last longer Tuesday night than the life of any of these measures in Congress.
Millions of new jobs and a rapidly falling unemployment rate have yet to translate into higher wages and bigger paychecks for most American workers.
The question is whether a strong end-of-the-year rally will be short-lived, or whether the surge upward will maintain momentum into the new year.
One has to wonder what’s going to happen when U.S. markets grow up and realize there is no Santa Claus.
The Fed surprised most everyone by essentially doubling-down on its dovish policy of keeping interest rates at near-zero for the foreseeable future.