Consumers are happy as the new year begins.
The Federal Reserve finally appears poised to deliver the interest-rate increase U.S. corporations and the financial markets have been waiting for all year.
The housing market seemed to be of two minds in October, but there was a report on the public’s post-election mood last week that ought to lift the business community’s spirits as the holiday season begins.
A federal judge Tuesday blocked an Obama administration rule that would have extended overtime eligibility to 4 million Americans.
Before last week’s presidential election the thinking among economic experts was that the Federal Reserve would be more likely to raise interest rates sooner — quite possibly in December — if Democrat Hillary Clinton was elected.
For some time, economists and the financial markets have closely monitored the nation’s job growth and the pace of inflation for developments that could prompt the Federal Reserve to raise interest rates.
The Federal Reserve’s policymaking committee meets today and, although economists don’t expect a rate increase this close to the presidential election, a move in December now appears more likely than ever.
Reaction to the Labor Department’s report that the U.S. economy created 156,000 new jobs in September went in all directions.
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.
Recreational fishing will be allowed in the new Northeast Canyons and Seamounts Marine National Monument off the Massachusetts coast.
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.
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.