Federal Reserve officials sounded a more hawkish tone in their latest monetary policy update, suggesting they think the U.S. economy will soon be ready to stand on its own. CBS MoneyWatch contributor Anthony Mirhaydari explains.
A complete list of all the cars, trucks and vehicles recalled by the automaker in 2014
Surprisingly strong second-quarter growth and the Fed's status quo approach to interest rates left Wall Street mostly unmoved
July 30 (Reuters) – The Federal Reserve carried on its merry tapering on Wednesday, and though the accompanying statement was probably rightly viewed as dovish it signals a potential sting down the road. For now, Fed policy looks set to continue to support risk assets, with a less certain and probably less strong impact on […]
Buy it. Buy it now. Buy three and give two away... Rick Perlstein: The Invisible Bridge: The Fall of Nixon and the Rise of Reagan Very brief preview: Rick Perlstein: "To me, Reagan’s brand of leadership was what I call 'a liturgy of absolution'.... Show More Summary
Liberal Republicans started becoming Democrats during the New Deal, and (Maine aside) had essentially all migrated across the aisle by the start of the 1990s. As the Republican Party moved right, moderate Republicans should have followed them. Show More Summary
Retraction Watch: The author of a paper on how often economists commit misconduct that we covered last month writes about it for a London School of Economics’ blog. This is a much better summary than my post from July 8.
(July 30, 2014 04:15 PM, by Art Carden) As I tweeted yesterday, a quick review of the battle over ride-sharing regulation in cities around the world convinces me we're building a bridge to the eighteenth century. Mercantilism is alive and well, and cities (like Birmingham) are missing a... (0 COMMENTS)
Tim Duy: FOMC Statement, by Tim Duy: At the conclusion of this week's FOMC meeting, policymakers released yet another statement that only a FedWatcher could love. It is definitely an exercise in reading between the lines. The Fed cut another...
Private investment rebounded in Q2. Residential investment increased at a 7.5% annual rate in Q2, equipment investment increased at a 7.0% annual rate, and investment in non-residential structures increased at a 5.3% annual rate. The...Show More Summary
Stronger economic growth doesn't mask the mistakes that were made during the recovery and that continue to dog the U.S.
As expected, it's paring its monthly bond purchases by another $10 billion to $25 billion
A sharp rebound in economic output this spring has revived hopes the nation’s five-year-old recovery could be poised to move into a higher gear. Gross domestic product rose at a seasonally adjusted annual rate of 4.0% in the second quarter, according to an advanced estimate from the Commerce Department Wednesday. Show More Summary
A sampling of economists’ assessments of the Fed’s statement
U.S. Bureau of Labor Statistics Health care and social assistance is the dominant industry in most American states — surpassing manufacturing and retail trade in the last two decades, the latest Labor Department data show.
While president Obama brags about clean energy advances in the US (mostly hot air and subsidies to uneconomic businesses), the US quietly exports pollution to Europe. Coal is a particular good example. Please consider US Exports Help...Show More Summary
Many Federal Reserve watchers expected Dallas Fed President Richard Fisher, who recently wrote an opinion piece in The Wall Street Journal criticizing current Fed policy, to dissent against the central bank's forward guidance at Wednesday's meeting. Instead, it was Charles Plosser of the Philadelphia Fed who took the stand.
A combination of health care and social assistance now rank as the dominant industry in most American states, surpassing manufacturing and—for a spell—retail trade as the top industries in decades past, according to a new government report.
The jobless rate declined in all but one large U.S. metropolitan area in June, with Chicago and Las Vegas leading the way.
The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, July 30, 2014: Sign up for the newsletter. Will turmoil in the Middle East and the West’s worsening confrontation with Russia derail the global economy? Investors...Show More Summary