Labor Day week brings an update on the labor market and a Fed meeting stage-setter.
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
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.
While the Federal Reserve has given stress tests to the nation’s banks since the financial crisis, the Fed chair’s semi-annual testimony before both houses amounts to Congress’ own version of stress testing the nation’s top central banker. But in her first of two days of appearances on Capital Hill, Fed Chair Janet Yellen’s so-called Humphrey-Hawkins
This week’s employment report may provide more clarity about hiring, pay and other issues.
Independence Day week has analysts hoping the economy will start giving off some heat.
Chief economists from some of the largest U.S. banks are feeling upbeat about the economy.
This week brings an update on jobs and an a cheesy anniversary.
The government’s latest jobs report shows a big warm-up in hiring after a not-so-hot winter.