Stubbornly weak wage growth despite robust job creation and a declining unemployment rate is an issue that’s been vexing analysts and economists.
Bond king Bill Gross warns that low interest rates could have a negative impact on the U.S. economy.
The Commerce Department on Thursday released its first estimate of second quarter GDP and it wasn’t bad: 2.3% growth, just short of analysts’ estimates of 2.6% and a decent rebound from the soft...
It was widely expected that the Fed would shift the wording of Wednesday’s statement to a more hawkish tone to prepare markets for a likely rate hike.
Second-quarter growth was expected to rebound strongly as the snow thawed and striking West Coast dock workers returned to their jobs.
The FOMC's two-day meeting kicks off Tuesday amid expectations for members to provide the strongest signal yet for intentions at September's meeting.