U.S. Economy Added 211,000 Jobs in April
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The pace of hiring picked up again in April and the unemployment rate fell to the lowest level in nearly a decade, providing reassurance the broader economy is poised for a strong spring after a lackluster start to the year.
Fed Officials Offer Backing for More Rate Increases
A trio of Federal Reserve officials offered support for interest-rate increases and an eventual contraction in the size of the central bank's holdings of cash and bonds.
S&P 500 Heads for Third Straight Week of Gains
Solid corporate earnings and a slightly stronger-than-expected April jobs report lifted the S&P 500 toward its third consecutive week of gains.
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Fed's Fischer: Inflation Target Review Might Be Warranted at Some Point
Federal Reserve Vice Chairman Stanley Fischer, in a speech arguing for caution about overusing monetary-policy rules, suggested the central bank's current inflation target isn't set in stone.
Fed's Williams Sees Merit in Alternative to Inflation Targeting
Federal Reserve Bank of San Francisco President John Williams said in a speech that it is time to weigh whether the central bank should adjust its inflation targeting to adopt a more flexible approach.
After Months of Steady Growth, Economists See China Slowing
China's economy, after chugging along in recent months, is likely losing some steam, with some economists expecting indicators for April to show weaker industrial production, softer overall credit and cooler export growth.
U.S. Consumer Credit Increased by $16.43 Billion in March
Outstanding consumer credit, a measure of non-real-estate debt, rose by $16.43 billion in March from the prior month, climbing at a 5.2% seasonally adjusted annual rate, the Federal Reserve said.
Companies Rack Up Profits, but Aren't Ready to Spend Them
The largest U.S. companies are booking their strongest quarterly profits in five years, as firms reap the benefits of years of belt tightening and finally see a pickup in demand. But part of the improvement has come from keeping a lid on spending, and many CEOs remain reluctant to change that.
Assessing the Impact of the House GOP Health Bill
The changes the House GOP health-care bill would bring, should the Senate approve it in similar form, would force nearly all participants in the nation's health system to adjust.
Crude futures bounced back from five-month lows Friday, following a week of steep losses globally as investors continue to worry about brimming crude inventories.
(END) Dow Jones Newswires
May 05, 2017 17:15 ET (21:15 GMT)