U.S. wages and benefits grew in the spring at the slowest pace in 27 years, stark evidence that stronger hiring hasn't boosted pay.
Bond king Bill Gross warns that low interest rates could have a negative impact on the U.S. economy.
After a terrible winter, the economy is improving, with a solid rebound in the spring expected to be followed by stronger growth in the second half of the year.
Chinese stocks gained Thursday following this week's turbulence and other Asian markets rose after the U.S. Federal Reserve left interest rates unchanged at a record low.
Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows.
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.
Below is the statement the Fed released Wednesday after its latest policy meeting ended: Information received since the Federal Open Market Committee met in June indicates that economic activity...
The Federal Reserve appears on track to raise interest rates later this year but is signaling that it wants to see further economic gains and higher inflation before doing so.
Stocks posted modest gains Wednesday, as Chinese shares rebounded and traders wait to hear from the Federal Reserve.