New York Fast-Food Workers May Get 66% Pay Increase
Fast-food workers in New York State made an average of about $9 per hour last year. That number soon may rise to $15.
Economy
All Economy Articles
Newest first · Page 259Greece Scores Unusual Debt Rating Upgrade from S&P
ThinkstockJust when you thought no good news could come out Greece, just look outside of Greece for good news on Greece. Standard & Poor’s has decided to raise Greece’s sovereign credit rating. The upgrade…
American Families Spent 16% More on College
The average American family spent more than $24,000 on college costs for the academic year 2014-2015, a 16% increase and the first significant increase in five years, according to a study.
Does CEO Confidence Conflict With Consumer Sentiment?
In the past week or so, there has been the report on consumer sentiment from the University of Michigan and a separate reading of CEO confidence from the Conference Board.
More Worries About Poor GDP Growth
Among the many observations from the July NABE Business Survey is that GDP growth in the second quarter may have been as low as 2.1%.
Inflation Still Tame in CPI Reading
The U.S. Department of Labor has been showing that some deflationary pressure may be going away. Inflation remains well under the Federal Reserve's mandate.
Will Consumer Sentiment Disappoint?
Jacob Wackerhausen/ThinkStockFriday morning will bring the preliminary Consumer Sentiment for the month of July. This is the University of Michigan’s report rather than the Consumer Confidence report from the Conference Board. By our count…
Philly Fed Fails to Deliver Consistent Growth
After a mixed New York Fed report on Wednesday, Thursday brought a soft economic report from the Federal Reserve Bank of Philadelphia.
Weekly Jobless Claims Headed Back in Right Direction
The U.S. Department of Labor released its weekly jobless claims on Thursday, showing a drop of 15,000 to 281,000. That is the good news.
Why the Fed May Be Losing Its Window to Raise Interest Rates
While Fed may at least try to raise its target rate later this year, it may have a hard time doing so.
ECB Keeps Interest Rates and QE Static
The European Central Bank has decided to leave its short-term interest rates unchanged. The move may sound surprising considering the situation in Greece.
Germany Becomes the World’s Perfect Economy
Germany is the world's perfect economy, by most important yardsticks. The International Monetary Fund recently confirmed that impression.
The Beige Book No One Cared About
The Beige Book was prepared at the Federal Reserve Bank of Atlanta and was based on information collected before July 3, 2015.
Yellen Telegraphs Dovish Fed Ahead in Semiannual Testimony
The real fireworks in the Fed chair's semiannual testimony to Congress come from questions and answers rather than from the prepared statements.
As Industrial Production Ticks Up, Can Capacity Ever Break Above 80%?
Industrial production has remained weak and restrained so far in 2015. Some of this may be the strength of the dollar, but much is the weakness that persists in Europe and Asia.