| Jul 15, 2014
| 9:09 AM
The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.
In a strong defense of...
| Jul 14, 2014
| 4:22 PM
The news from the casino industry in Atlantic City, N.J., has been implacably, relentlessly horrific.
Over the weekend the owners of Trump Plaza, formerly a signature property on the boardwalk, said they expected it to close in September; the resort's...
| Jul 16, 2014
| 6:11 AM
Federal Reserve Chair Janet Yellen — most recently in Tuesday’s Congressional testimony — has signaled that she'd like to see U.S. workers getting paid more, and that she's not terribly concerned about inflation getting out of control if...
| Jul 25, 2014
| 9:00 AM
Overall U.S. food inflation will remain near the historic norm in 2014, even as prices for meat and seafood are pushed higher by disease and widespread drought, the U.S. Department of Agriculture said on Friday.
Prices for shelf-stable and processed...
| Jul 17, 2014
There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV.
| Jul 22, 2014
| 2:35 PM
WASHINGTON Inflation in the United States increased by a seasonally adjusted 0.3 percent in June, slower than in May but marked by rising petrol prices, the government reported Tuesday.
"In contrast to the broad-based increase last month, the June...
| Jul 28, 2014
| 2:30 AM
The biggest surprise in financial markets this year is the strong performance of bonds. You may recall that bond prices fell (and yields rose) last year after the Federal Reserve began to reverse its easy-money policies. With yields still near...
| Jul 6, 2014
| 5:00 AM
Since the financial crash of 2008, one of the biggest guessing games in the U.S. economy and markets has centered on interest rates — and when they would finally rise from the historic lows that followed the Great Recession.
But year after year,...
| Jun 17, 2014
| 6:39 AM
Inflation unexpectedly jumped last month as higher prices for food, energy and other items pushed the annual rate above the Federal Reserve's preferred 2% target, the Commerce Department said Tuesday.
The new data could lead central bank policymakers to...
| Jun 18, 2014
| 8:00 AM
Federal Reserve policymakers conclude their two-day meeting Wednesday, and it's almost certain that the central bank will make another cut in its bond-buying stimulus and downgrade its near-term economic growth outlook to reflect the poor first quarter....
| Jun 18, 2014
| 6:16 PM
The Federal Reserve seemed to give investors and the business world just about everything they wanted to hear.
The Fed endorsed the view that the sharp contraction in the first quarter was a blip: The economy has rebounded from the weather-related...