Government Should Bear the Minimum-Wage-Hike Burden
A wage subsidy could put additional money from taxpayers into each low-wage paycheck, while encouraging employers to create jobs not eliminate them.
Consumer Prices Post Biggest Gain in 4 Years
January's 0.6% rise in the CPI and continued strength in retail sales "show the economy is starting the year off with a bang."
Inflation Edges Closer to Fed’s 2% Target
The Fed’s preferred measure of inflation rose 1.6% in December from a year earlier, its highest level since September 2014.
U.S. Economy Grows 1.9% in Fourth Quarter
Growth eased from 3.5% in Q3 as a sharp drop in exports offset solid consumer spending and a pickup in business investment.
Bullish on the Economy, Bearish on Expectations
CFOs are optimistic about the U.S. economy under a Trump administration, but are unclear on how their companies will benefit, according to new data.
U.S. Factory Activity Surges to Two-Year High
"The economy is ending the year on a high note with even the manufacturing sector showing signs of faster growth," an economist says.
Trump Names China Critic as U.S. Trade Rep
Robert Lighthizer has argued that the U.S. “should take a much more aggressive approach in dealing with China" over trade.
GDP Posts Fastest Growth in Two Years in Q3
Consumer spending, however, was relatively weak in November, suggesting a slowdown in economic growth in the fourth quarter.
Fed Raises Benchmark Interest Rate by 0.25%
Fed Chair Janet Yellen calls the first rate increase in a year “a vote of confidence in the economy.”
Import Prices Drop 0.3% After Two Straight Gains
The decline in the cost of imported goods in November was the biggest since February and followed a 0.4% gain the previous month.
CFOs Warily Optimistic About Trump
On the upside: tax breaks and the post-election rally in the stock markets. On the downside: Trump’s protectionist plans and his “shock-like” statements.