Federal Reserve

World Bank Urges Rate Hike Delay: FT

The Federal Reserve should delay raising interest rates past its September meeting next week or risk setting off “panic and turmoil” in global markets, the World Bank’s chief economist told the Financial Times.  

Jobs Report Could Sway Fed Rate Hike Decision

It’s possible that no recent piece of economic data will play a bigger role in helping to determine the timing of an interest rate hike than Friday’s jobs report. 

Atlanta Fed: U.S. Economy Seen Growing 1.2% in 3Q

The U.S. economy is on track to grow 1.2% in the third quarter on data showing a decline in consumer spending on services in July, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday.

SEC Approves CEO/Worker Pay Gap Rules

The Securities and Exchange Commission on Wednesday approved new rules that require publicly traded companies to reveal the gap between what their CEO makes and what rank and file employees take home.

Wages At Center of Rate Hike Drama

No one seems to know why workers’ paychecks aren’t getting much bigger even as the economy generates lots of jobs each month and the unemployment rate has fallen to its lowest level in seven years.