Stanley Fischer, Ally of Yellen at the Fed, Plans to Step Down
Continue Reading Below
Federal Reserve Vice Chairman Stanley Fischer on Wednesday said he intends to resign, months before his term as the central bank's No. 2 official was due to expire in June 2018.
President Trump Unlikely to Nominate Gary Cohn to Become Fed Chairman
President Donald Trump is unlikely to nominate Gary Cohn, his top economic adviser, as the next Federal Reserve chairman, indicating that he is open to considering additional names for a pick he has said he would like to make by year's end, according to people familiar with the president's thinking.
Fed's Beige Book: Growth Continues Despite Slowing Employment Gains
Economic activity grew at a measured pace across the country even though employment growth slowed somewhat in July and August, according to a new report from the Federal Reserve.
Continue Reading Below
U.S. Stocks Climb After Stumble
The Dow Jones Industrial Average rebounded from its worst session in weeks, boosted by shares of energy and financial companies. The blue-chip index added 0.3%.
U.S. Trade Gap Widens Slightly in July
The U.S. trade deficit expanded very slightly in July, reflecting a decline in exports.
The Market's Big Puzzle: What Is Happening to Growth and Inflation?
Globalization, the decline of labor unions and the rise of big multinationals may be changing the way the economy works.
U.S. Service Sector Strengthened in August
The U.S. service sector gained momentum last month, as sales climbed and companies boosted hiring. The Institute for Supply Management said its index of nonmanufacturing activity rose to 55.3 in August.
Analysis: Dudley Speech Could Send Important Signals on Fed's Direction on Rates
A Thursday evening speech by New York Fed leader William Dudley may prove pivotal in signaling whether the U.S. central bank will be able to deliver another interest-rate increase this year.
Bank of Canada Surprises With Another Rate Rise
The Bank of Canada raised its benchmark interest rate by a quarter-percentage point to 1%, saying stronger-than-anticipated growth-highlighted by a blockbuster performance in the second quarter-warrants the removal of "considerable" stimulus from the economy.
Oil Jumps to One-Month High As Harvey Concerns Ease
Oil prices gained Wednesday on renewed demand as refineries in the Gulf Coast restarted operations.
(END) Dow Jones Newswires
September 06, 2017 17:15 ET (21:15 GMT)