U.S. factory output was flat for the second straight month in January, raising questions about the manufacturing outlook as production dropped in the aerospace, plastics and food industries. The lack of growth in U.S. manufacturing, reported on Thursday by the Federal Reserve, confounded analyst expectations...
Updated Feb. 15, 2018 8:15 a.m. ET ...
J.P. Morgan slashed expectations for U.S. economic growth in the first quarter thanks to Wednesday's "hotter than Hades" inflation reading and "ugly" retail sales numbers. The bank's chief U.S. economist explained that the Labor Department's "scorching" core consumer price index measure likely means an emboldened Federal Reserve. ...
If Steve Bannon had his way in the White House, Janet Yellen would still be chair of the Federal Reserve. The former chief strategist to President Donald Trump and former head of Breitbart News said last year during a book interview that he would have preferred Yellen stay on...
Throughout last year, investors worried about a phantom menace that could upset markets: higher U.S. inflation. They were wrong, to their own pleasant surprise. Now they could be right, which creates its own complications. The key thing to consider is the power...
The Federal Reserve will stick to its plan for "steady, gradual" interest-rate increases, a Fed policymaker said Wednesday despite market gyrations and strong data on U.S. wage growth that has bond traders pricing in faster rising inflation. "I am going to try to dispel you...
When Amazon.com even nods in the direction of an industry, businesses tremble and investors flee. At Wayfair Inc., the biggest online furniture merchant, investors did the opposite. The company’s shares are up 115% in the last year, valuing it at $8 billion. Since...
The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in nearly 45 years as the labor market tightened further, bolstering expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a...