US Economy

Economists are taking a second look at Federal Reserve Chairman Jerome Powell’s speech Wednesday and wondering if the sharply dovish reaction wasn’t a bit overdone.

Federal Reserve Chairman Jerome Powell said Wednesday he considers the central bank’s benchmark interest rate to be near a neutral level, an important distinction from remarks he made less than two months ago.

Count United Technologies CEO Gregory Hayes among corporate executives not afraid of the Federal Reserve’s intentions to keep hiking interest rates.

The recent spate of strong wage growth, exemplified in Friday’s nonfarm payrolls report, sets up the next stage in the market’s conflict with the Federal Reserve.

“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” Trump said from Erie, Pennsylvania.

The U.S. services sector expanded last month at its fastest pace on record, according to data released Wednesday by the Institute for Supply Management.

Federal Reserve policymakers have been able to stave off sharply higher inflation even with low unemployment by managing expectations, central bank Chairman Jerome Powell said Tuesday.

A preliminary look at consumer sentiment in September easily topped expectations on Friday.

The business services, education and health services industries led job gains for the month of August, besting laggards like retail and manufacturing, according to the latest government jobs report.

Federal Reserve Chairman Jerome Powell says he expects a slow but steady diet of interest rate increases to continue as the central bank looks to find the right recipe between promoting growth and controlling excesses.

Payroll growth turned sluggish in July after two robust months.

Compensation for workers rose to a nearly 10-year high in the second quarter as inflation pressures continued to percolate in the U.S. economy.

The index rose in July after a disappointing read in June.