Janet Yellen

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  • Economy Watch: Fed Sure of Economy, Raises Rates, Promises Asset Sell-Off

    The Federal Reserve unanimously decided to raise rates for the second time in 2017, signaling its belief that the U.S. economy is strong enough to handle more expensive financing.

    National 15 June 2017 14:55
  • Another Mediocre Month for Job Growth?

    According to Bloomberg, the consensus among economists is for an increase of 190,000 jobs in October. If the consensus is right, that would be better growth than in September but not as good as earlier this year or late last year, when job creation was regularly over 200,000.

    National 05 November 2015 16:55
  • Close, But No Cigar for Interest Rate Hike

    Why the Federal Open Market Committee decided against raising interest rates.

    National 18 June 2015 17:45
  • Economy Still Growing, But Not Gangbusters

    The Federal Reserve released the latest “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” better known as the Beige Book. According to the report, economic activity has expanded in all the 12 Federal Reserve districts since the previous book, but “none of the Districts pointed to a distinct shift in the overall pace of growth.”

    National 04 September 2014 12:53
  • Yellen Worried About Employment, Non-Committal on Rates

    The Federal Reserve has long been adept at maintaining a poker face, and Chair Janet Yellen seems to be carrying on the practice.

    National 25 August 2014 12:57
  • Retail Sales Up Modestly in June

    Retail sales were up 0.2 percent in June compared with May, according to the Census Bureau, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes. Total sales for the month came in at $439.9 billion, up 4.3 percent from June 2013.

    National 16 July 2014 13:26
  • Economy Creates 288K Jobs

    The U.S. economy created a robust net of 288,000 jobs in June, according to the Bureau of Labor Statistics.

    National 03 July 2014 14:46