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...

Economics Today

Federal Reserve/Economic Reports In one of the most closely watched reports, July nonfarm payrolls rose 255,000, well above the consensus looking for an increase of 179,000. The average workweek exceeded expectations moderately, increasing 0.1 hour to 34.5 hours....

Economics Today

Federal Reserve/Economic Reports Federal Reserve board members have increased their rate hike rhetoric, promoting the idea of a likely rate at one of their upcoming meetings. The weak payrolls report and the upcoming Brexit vote diminished the likelihood of a rate...
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