Federal Reserve

Mapped: Where American income has grown the most over the past 25 years

As the Rust Belt stagnated, coastal metropolises thrived. As Appalachia sputtered, shale country boomed. As Southern manufacturing centers shut their doors, neighboring research hubs opened theirs.<p>These are just a few of the trends that have played out in regional economies across the US over the …

Middle-class

U.S. College Grads See Slim-to-Nothing Wage Gains Since Recession - Bloomberg

The bachelor's degree — long a ticket to middle-class comfort — is losing its luster in the U.S. job market.<p>Wages for college graduates across many …

College & University

America Needs Small Apartment Buildings. Nobody Builds Them - Bloomberg

Urbanists often lament that developers no longer erect the small apartment buildings that were once a staple of city neighborhoods. Instead, they …

Housing

SF Fed's Williams - This Is America's Goldilocks Economy, Just About Right

We must all, of course, have something to complain about for how can politics and fundraising work if there isn’t something we’re all going wild about? But the general state of America’s economy isn’t one of those things we should be irate about according to John Williams, the President of the San …

Opinion

5 things for Thursday, March 30: Bathroom, travel ban, Brexit

<b>(CNN) —</b> Here's what you need to know to <b>Get Up to Speed and Out the Door</b>. You can also get "5 Things You Need to Know Today" delivered to your inbox daily. Sign up here.<p>1. N.C. bathroom law<p>A deal has been reached to repeal North Carolina's controversial "bathroom bill," but not everybody's happy …

North Carolina

Forex - Dollar gains in Asia as recent yen strength wanes slightly

Investing.com - The dollar gained some ground on the yen in Asia on Thursday as market talk grows the Bank of Japan has eyed recent strength as …

Forex

The Federal Reserve’s pension fund isn’t trying to tell you anything

Pension plans don't speculate on macro trades.<p>Continue reading: The Federal Reserve’s pension fund isn’t trying to tell you anything

Retirement

The daily business briefing: March 30, 2017

1.<p>Merkel rejects a key Brexit demand<p>German Chancellor Angela Merkel on Wednesday rejected a central proposal made by British Prime Minister Theresa …

Donald Tusk

The Fed's pension fund is flashing a warning sign about the Trump trade

Federal Reserve Chair Janet Yellen went out of her way during her March press conference to emphasize the central bank's decision to raise interest rates by a quarter percentage point was predicated on past economic performance, not extrapolations about future policy from the administration of …

Business

Treasury Market Shrugs Off Hawkish Rosengren - Income Investing

By Amey Stone<p><b>Federal Reserve Bank of Boston President</b> <b>Eric Rosengren</b> was pretty darn hawkish on Wednesday, calling as many as three more rate hikes …

Commodities

Bloomberg Markets Trump: First 100 Days 3/29

Guests include: Rep. Bill Pascrell, a New Jersey Democrat, Terry Haines, Evercore ISI managing director, and Federal Reserve Bank of Boston President …

Bloomberg Markets

Fed's Williams lauds recovery, sees three or more hikes this year

NEW YORK (Reuters) - With the U.S. economy having now "largely attained" a full recovery from recession, the Federal Reserve can raise interest rates three or more times this year, a centrist Fed policymaker said on Wednesday.<p>San Francisco Fed President John Williams, who largely repeated his view …

Janet Yellen

Why stocks rallied after Dow Jones’ eight day dip

Stock prices rallied nicely on Tuesday after the Dow Jones industrial average fell for eight straight days.<p>What caused the rally? It could have been …

Wall Street

Why Housing Security Matters to Urbanists

Several weeks ago I attended the SURJ ATL Gentrification Teach-In. It was packed — about 120 people filled the room. This is obviously an issue …

Housing

One step closer: ‘Audit the Fed’ bill advances in the House

A long sought after action by Libertarians is one step closer to becoming a reality, as Rep. Thomas Massie’s (R-KYwhen ) Federal Reserve Transparency Act of 2017 (H.R. 24) is one step closer to being passed by the House.<p>The bill soared through The House Committee on Oversight and Government Reform …

Government

Fed's Evans says he supports one or two more rate hikes this year

FRANKFURT – One of the Federal Reserve's most consistent supporters of low interest rates on Wednesday said he is with the majority of his colleagues in supporting further rate hikes this year, given progress on the U.S. central bank's goals of full employment and stable inflation.<p>A drop in the …

Full Employment

Fed's Rosengren Says There Should Be Four Rate Hikes in 2017 - Bloomberg

Federal Reserve Bank of Boston President Eric Rosengren said the central bank should be prepared to raise interest rates a total of four times in …

Interest Rates

Little Sign of a ‘Trump Bump’ in the Economic Forecast

Consumers are more confident. Stocks are up 5 percent since the start of the year. And from the president on down, there’s talk of a Trump bump.<p>The only problem: The boom is apparent everywhere except in the economic data.<p>It’s not that the economy is stalling — far from it. But with the first …

Business

How The Game Of Bank Bargains Created The Financial Crisis? Calomiris Explains

Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?”<p>“Where is the General Theory of the 21st …

Banking

Fed survey: Texas oil producers whittle down costs, boost output

In Texas and Oklahoma, oil companies can wring money out of newly drilled wells in major basins for less than $50 a barrel, a new Dallas Fed survey …

Oil

Kocherlakota On How To Reform The Federal Reserve System

Welcome to the latest installment of our interview series "Where is the General Theory of the 21st Century?"<p>"Where is the General Theory of the 21st …

Central Banks

US shares stable ahead of Fed speeches

<b>(Open): There was little change in the three key US stock indexes at the open on Wednesday, as investors waited for some insight into how many interest rate rises there will be this year.</b><p>Several Federal Reserve bosses are due to give speeches which will be pored over for clues.<p>The Dow Jones was at …

Commodities

Fed's Powell: In 'wait-and-see' stance on Trump policies

MORGANTOWN, W.Va. (Reuters) - The impact of the new Trump administration's effect on the economy remains too uncertain for the U.S. Federal Reserve to react or begin recasting its outlook, Fed Governor Jerome Powell said on Tuesday.<p>Asked about the collapse of the healthcare bill last week, Powell …

Business

Valerie Jarrett announced as keynote speaker for PLA Member Welcome Breakfast at ALA Annual Conference

The Public Library Association (PLA), a division of the American Library Association, is proud to welcome Valerie B. Jarrett, former director of the …

8 money mistakes the middle class keeps making

About half of Americans lived in middle-income households in 2014, according to Pew Research.<p>This demographic includes families with incomes two-thirds to double the U.S. median household income – or those earning between $42,000 and $125,000 (with cost-of-living adjustments for expensive …

Retirement

Robots Are Slashing U.S. Wages and Worsening Pay Inequality - Bloomberg

Robots have long been maligned for job-snatching. Now you can add depressing wages and promoting inequality to your list of automation-related …

Robots

The Gap Between Sentiment and Certainty Is 'Stunning'

The gap between "hard" and "soft" data measuring the U.S. economy has never been more disparate, according to a new report from Morgan Stanley , which means investors who have been putting too much weight on the soft data may be in for a rude awakening in a matter of weeks.<p>This morning offered …

Wall Street

Spanish Bank BBVA Joins Hyperledger Blockchain Project

Spanish banking group BBVA has become the latest member of the Hyperledger blockchain project.<p>Two representatives of BBVA will officially join the …

FinTech

US heading for recession after 2 years of unsustainable growth, economist says

The U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the …

Economics

The Daily Prophet: Buy the Dip Proves Effective Yet Again

Throw out all the fancy models. All you really need to know to be a successful investor these days is that when stocks fall, start buying in bulk. Just look at the S&P 500 Index, which rose today, erasing all of its losses related to President Donald Trump’s failed effort to repeal and replace …

Commodities