Jeff Cox, CNBC.com’s Posts

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Janet Yellen

The central bank printed $4.5 trillion and all we got was a lousy 0.2 percent wage increase. While that sounds like a T-shirt for policy geeks that one might buy at the shore, it actually pretty accurately describes the plight of the average American worker. After years of easing never seen before in global central …

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Federal Reserve Bank Chair Janet Yellen.

With Wall Street looking for any clues that tighter policy is coming, the Federal Reserve on Wednesday declined to raise interest rates or provide any clues about when a hike is on the way. In a move widely expected on Wall Street, the U.S. central bank’s Open Market Committee kept its key funds rate near …

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As Wall Street frets over when the first interest rate hike in nine years will come, Federal Reserve Chair Janet Yellen is sticking to the script. In a speech delivered Friday to the City Club of Cleveland, the U.S. central bank chief reiterated familiar Fed talking points: The economy is improving, unemployment is dropping, inflation …

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American companies kicked off the summer with modest growth in hiring, sending nonfarm payrolls up 223,000 in June, according to Labor Department numbers released Thursday. In addition to the payroll growth, the unemployment rate ticked lower to 5.3 percent from 5.5 percent, due largely to a sharp decline in labor force participation, which fell from …

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Bill Gross

Bill Gross thinks conditions are ripe for a significant liquidity crisis in the markets, and he points a finger at his old firm for its potential to be at the center of the storm. In his monthly note to investors, the Janus Capital Group fund manager said there are six specific triggers for such an …

Hassan Sarbakhshian | Bloomberg | Getty Images

When it comes to municipal bonds, the headlines can drown out the news. Horror stories from Chicago, Detroit and Puerto Rico, painting a harrowing financial picture amid talk of budget shortfalls and potential defaults, mask a sector that is otherwise pretty sound. Since the financial crisis and accompanying recession, states and municipalities have in fact …

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The Federal Reserve Building in Washington, D.C.

Live by central bank liquidity, die by central bank liquidity. That could well become the mantra for a bond market that, after years of support by the Federal Reserve and its global counterparts, now finds itself suffering under the unintended consequences of the trillions in easing distributed to allay the fears of a market in …

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A worker assembles a Jeep Wrangler at the Chrysler Toledo North Assembly Plant in Toledo, Ohio.

The U.S. economy created 280,000 jobs in May, better than expected and likely confirming hopes that growth is back on track after a slow start to the year. The headline unemployment rate increased slightly to 5.5 percent as the labor force participation rate ticked higher to 62.9 percent. ( Tweet This ) A separate measure …

Scott Mlyn | CNBC
A McDonald's restaurant with a "now hiring" sign, in Sarasota, Fla.

America’s fast-moving jobs train is being powered by fast food. May’s big gain in nonfarm payrolls helped allay fears that employment growth was stuck in the same mud bog that has muted growth across other economic sectors this year. The U.S. has been averaging 251,000 net new jobs a month over the past year, with …

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Private sector job creation swung higher in May after a lackluster April, with companies adding 201,000 positions for the month, according to payroll firm ADP. The number was just about in line with expectations for a 200,000 gain thanks largely to a big gain in service sector jobs. (Tweet this) The group added 192,000 positions, a …

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At a time when 8.5 million Americans still don’t have jobs, some 40 percent have given up even looking. The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows. A tight …

Adam Jeffery | CNBC
Traders work the floor of the New York Stock Exchange.

A funny thing has been happening to financials: while earnings have been stellar, their stocks have stunk. Broadly speaking, financial industry companies on the S&P 500 are expected to post first-quarter earnings gains of 15.8 percent, easily outdistancing other sector competitors on the broad market index. If profits are the primary drivers of prices, you’d …

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Every year, the Federal Reserve takes it upon itself to conduct stress tests of the nation’s biggest banks, measuring them for how well they would hold up under the weight of another crisis the likes of which engulfed the financial system in 2008 and 2009. The results purport to give a clear picture of the …

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Bill Gross

As Bill Gross sees it, investors face a tough time ahead trying to pick places to put money in a world where basically everything is mispriced. Central banks that have kept rates low have helped boost asset prices, but the landscape will be different now that stimulus from the Federal Reserve and elsewhere is losing …

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A U.S. military veteran listens as a manager with Lowes explains the jobs available in Miami

Private business job creation decelerated in March as an economic slowdown and other factors put a dent in activity, according to the latest report from ADP. Companies added 189,000 positions for the month, down from the 214,000 in February, a number that was revised slightly upward from the 212,000 initially reported. Virtually all the new …