News

Low inflation makes it unlikely that there will be a cost-of-living adjustment for Social Security benefits next year, economists say. The government will announce the status of the COLA when it releases September’s Consumer Price Index on Thursday.

The US economy might be strong enough for the Federal Reserve to raise interest rates by the end of the year, Fed Vice Chairman Stanley Fischer said Sunday at the annual meeting of the International Monetary Fund in Lima. Meanwhile, […]

The International Monetary Fund has lowered its projection for the world’s economic growth this year from the 3.3% forecast it made in July to 3.1%. The change is a response to the slowing of emerging-market economies triggered by falling commodity […]

The Organization for Economic Cooperation and Development has published an overhaul of corporate tax rules meant to stop companies from using a technique known as “profit shifting” to move profits to low-tax jurisdictions. The rules are expected to help governments […]

Current and former government officials at a Federal Reserve Bank of Boston conference agreed that US financial regulators can’t be expected to prevent another financial crisis like the one that hit in 2008, because they don’t know yet what they […]

The economy gained 142,000 jobs last month, according to the Labor Department, which was below economists’ expectations. The unemployment rate remained unchanged at 5.1%. Previously reported payroll gains during August and July were revised downward.

President Barack Obama has signed a funding measure that keeps the US government open until Dec. 11, doing so only hours before a midnight deadline.

US exports dropped by a seasonally adjusted 3.2% in August, and the economy is on pace for its first yearly decline in exports since the recession. Weak foreign demand and a strong US dollar are among the reasons for the […]

At a time of unprecedented change, accounting profession leaders express three broad areas of concern. The success of the profession in the future may depend on accountants’ ability to maintain their relevance, manage staffing shortages and adjust to changes brought […]