Obama requires paid sick leave for federal contractors

September 8th, 2015  // News

President Obama has issued an executive order requiring companies that contract with the federal government to provide their workers with paid sick leave. Employees of these companies will be able to accrue as many as seven days of paid sick leave per year. Read more

US factory activity barely grows in August

September 2nd, 2015  // News

US manufacturing activity in August fell to its lowest point in more than two years, but another indicator was more optimistic. The Institute for Supply Management's national factory activity gauge registered 51.1, barely above the break-even point due to lagging global demand, low oil prices and a strong dollar. However, construction spending in July surged 13.7% from a year before. Read more

Fed’s Fischer optimistic inflation will rise toward target

August 31st, 2015  // News

Federal Reserve Vice Chairman Stanley Fischer told participants at the Federal Reserve Bank of Kansas City's annual economic symposium in Jackson Hole, Wyo., that inflation likely will rise to the central bank's annual target of 2%. "Given the apparent stability of inflation expectations, there is good reason to believe that inflation will move higher as the forces holding inflation down -- oil prices and import prices, particularly -- dissipate further," Fischer said. Read more

US stock markets continue to rally

August 28th, 2015  // News

A rally that swept through Wall Street drove the Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq up more than 2% Thursday, handing equity investors their largest two-day gain since 2009. Traders got back their appetite for stocks after the release of encouraging data about the US economy and growing speculation that the Federal Reserve won't raise interest rates at its mid-September meeting. Read more

US stock markets make a big comeback

August 27th, 2015  // News

Share prices on Wall Street posted the biggest single-day advance in nearly four years Wednesday. The Nasdaq spiked 4.2%, the Dow Jones industrial average shot up almost 4% and the broader Standard & Poor's 500 index gained 3.9%. Read more

Fed given more reasons to wait to increase rates

August 26th, 2015  // News

Central bankers are loath to acknowledge mistakes, but all 15 of the central banks in the Organization for Economic Cooperation and Development that have raised rates since 2008 have backtracked. Also, the recent volatility in the equity markets could persuade the Federal Reserve to hold off on any moves to push up interest rates until the end of this year, economists, analysts and other central bank observers say. Read more

Can U.S. afford a rate increase as global markets tremble?

August 25th, 2015  // News

The Federal Reserve must consider how to react to roiled global markets and faltering economies as it weighs its next interest-rate move. Fed Chairwoman Janet Yellen indicated to Congress last month that rates would likely rise this year, but questions remain about U.S. inflation and trouble in Asia. Read more

China may move to raise liquidity

August 24th, 2015  // News

The Chinese government may lower the deposits banks must have in reserve to add liquidity and counteract the country's recent economic instability. Read more

U.S. housing sales robust in July

August 21st, 2015  // News

The Federal Reserve got evidence of a rising economy in a July housing report that reveals the highest rate of existing-home sales since the financial crisis. A report from the Philadelphia Fed shows a sharp jump in regional manufacturing activity in August. Read more

Fed closer to raising interest rates, minutes show

August 20th, 2015  // News

Members of the Federal Open Market Committee said economic conditions in the U.S. that would support an interest-rate hike were getting stronger but weren't quite there yet. "Most judged that the conditions for policy firming had not yet been achieved, but they noted that conditions were approaching that point," minutes of the committee's July meeting said. Read more

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