Labor Day week brings an update on the labor market and a Fed meeting stage-setter.
The economy fell down from the wall in 2007, but more signs indicate it’s climbing back.
Federal Reserve Chair Janet Yellen’s 3,600-word speech at an economic symposium in Jackson Hole, Wyoming, today set the stage for shifting gears in monetary policy in the months ahead. The pivot would come after years of keeping interest rates at record-low levels. Trillions of dollars in asset purchases are expected to end in October. Yellen
Some Fed policymakers are getting itchier to raise rates as the economy moves “Closer to Fine.”
This week’s indicators may show more evidence that the U.S. economy is doing better than most.
A flat retail sales reading shows consumers are on the couch.
This week’s indicators may show whether the economy is getting any fuel to grow.
A quiet week for news could offer a chance to take stock of where the economy stands.
Though unemployment is higher, the economy keeps pumping out jobs at a good clip.
The week’s highlights will include a Fed meeting, a jobs report and a Medicare birthday.