| May 22, 2015
| 5:40 PM
Federal Reserve Chairwoman Janet L. Yellen said Friday that she expected the central bank to increase its benchmark short-term interest rate this year if the economy continues to improve.
It was her clearest signal yet of when the Fed would raise the...
| May 19, 2015
| 2:39 PM
The era of the overeducated barista is coming to a close.
In the wake of the Great Recession, the ranks of the unemployed in America doubled, reaching more than 15 million people at its peak. Competition for the few open jobs was fierce, and...
| May 22, 2015
| 7:42 AM
Inflation increased slightly in April as energy prices remained low and costs for groceries, clothing and airfares declined, the Labor Department said Friday.
The consumer price index rose 0.1%, in line with economists' forecasts, boosted by a big...
| May 21, 2015
| 6:12 PM
WASHINGTON — The Republican-controlled Senate took its first step toward fulfilling a GOP promise to roll back key parts of the sweeping 2010 law that overhauled financial industry regulations and oversight.
The Dodd-Frank reform law, designed to...
| May 20, 2015
| 1:07 PM
Federal Reserve policymakers largely agreed when they met last month that June would be too early to start raising interest rates, as they debated whether the economy's winter weakness would fade or persist.
While "a few" Fed officials believed that...
| Apr 18, 2015
| 7:00 AM
You know that old joke about how to tell when a politician is lying?
Along those lines, here's how to tell when politicians are looking for a way to oppose the Trans-Pacific Partnership without looking like a protectionist or a captive of organized...
| May 13, 2015
| 8:30 PM
As expected, when the Federal Reserve concluded its most recent two-day policy meeting, the central bankers decided to keep short-term interest rates at zero to one-quarter of a percent, which is where they have been since December 2008. In fact, it has...
| May 12, 2015
| 4:30 PM
Most people don't attend dress rehearsals so they can figure out how a play might be enacted later.
But in these unusual times, the sharp volatility of the stock market lately may be helpful to observe if you want to make sense of the wild swings that...
| May 8, 2015
| 6:54 PM
Did someone say "Goldilocks"?
You bet they did after Friday's jobs report. Neither too hot, nor too cold for investors' liking, the fairy tale name was bantered about by analysts putting a label on the nation's lukewarm jobs picture. Just as...
| May 11, 2015
Crashing the economy
In response to Lee Caudle's letter (The Capital, April 16), which claims that Ayn Rand's free- market principles were the cause of the 2008 financial crisis: Nothing can be further from the truth. It was caused by government...
| Apr 30, 2015
| 7:32 AM
Demands by advocates for low- and moderate-income banking customers are complicating the approval of a second major acquisition this year — Royal Bank of Canada's proposed $5.4-billion takeover of City National Corp. in Los Angeles.