Reaction to the Labor Department’s report that the U.S. economy created 156,000 new jobs in September went in all directions. Neither weak nor strong, the numbers gave optimistic economists reason for hope and pessimists cause for concern.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
U.S. consumers, apparently shrugging off the caustic presidential campaign rhetoric as the election grows closer, more and more like what they see in the U.S. economy.
When will the Federal Reserve decide the moment is right to raise interest rates?
It’s as if the business world is clearing its agenda for the Federal Reserve.
Concern is growing in U.S. financial markets that the Federal Reserve will raise interest rates later this month, but it was not last week’s economic reports that changed investors’ outlook.
The U.S. Department of Commerce and BritishAmerican Business will hold a webinar on Friday to discuss Brexit — the United Kingdom’s vote to leave the European Union — so members can learn about the decision and its effect on trade and investment.
When the Labor Department said the U.S. economy added 151,000 jobs in August – an average result, though below economists’ expectations – the reaction, especially from financial markets, was that we know one thing: The Federal Reserve won’t raise interest rates at its meeting this month.
The U.S. economy added 151,000 jobs in August, slowing sharply from the two previous months, and the nation’s unemployment rate stayed at 4.9 percent for the third month in a row, the Department of Labor said today.
The Conference Board said today that its Consumer Confidence Index in August to its highest level in nearly a year.
So Federal Reserve chairman Janet Yellen believes the argument for a rate increase has strengthened. That’s not the same as saying one is imminent.