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Economics Today

Federal Reserve/Economic Reports The Fed’s latest Beige Book, measuring the period between late August and early October, indicated economic activity continued to expand at a “modest to moderate pace” as labor market conditions remained tight and wage...

Economics Today

Federal Reserve/Economic Reports In a speech in Boston, Federal Reserve Chair Janet Yellen suggested policymakers could afford to be patient and that the Fed may need to overshoot its traditional unemployment and inflation targets for a short time to encourage...

Economics Today

Federal Reserve/Economic Reports As expected, The Federal Reserve left short-term interest rates unchanged. The 7 to 3 vote to keep the benchmark federal funds rate steady showed growing divisions within the FOMC about whether the economy can handle a small rate...