Category: Economy

Fed should raise rates gradually this year, Kaplan says

The Federal Reserve should continue to raise U.S. interest rates this year in response to faster economic growth fueled by recent tax cuts as well as a stronger global...

February consumer sentiment

U.S. consumer sentiment rose by much more than expected in February, exceeding the record-high average in 2017. The University of Michigan’s mid-month report on...

Market drop is ‘small potatoes,’ economy still strong, rates going up

“Clearly the market is adjusting to the fact that the global economy is growing quite quickly and as a consequence of that, monetary authorities around the world...

Fed’s Bullard says job market strength may not lead to higher inflation

St. Louis Federal Reserve President James Bullard on Tuesday said recent strength in the U.S. labor market may not trigger faster price increases, a view that runs...

US preliminary fourth-quarter productivity

U.S. worker productivity unexpectedly fell in the fourth quarter, the first decline since early 2016 and an indication that it be difficult to boost annual economic...

We’ll see ‘massive investment’ into US because of tax cut

Treasury Secretary Steven Mnuchin told CNBC on Friday that lower corporate taxes will lead to more investment in the United States. “Fundamentally, this has been a...

Rising mortgage rates could mean even fewer homes for sale this spring

There is still plenty of snow blanketing a wide swath of the nation’s neighborhoods, but the spring housing market is just around the corner. This year, it will be...

‘High marks’ for pro-growth policy, tax reform

Swiss bank UBS said Monday that President Donald Trump deserves praise for his pro-growth policies. Those efforts in making the U.S. a more business-friendly economy,...

The Fed, worrying about the next recession, considers changes

The recent tax bill, which boosted the deficit outlook, means the fiscal side will have less ability to respond next time around as well. The solution gaining the most...

‘Disappointing’ jobs report will soon look good: Moody’s-commentary

Businesses number one problem is thus quickly becoming the lack of qualified workers. There are already a record 6 million open job positions, and not just in computer...