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Jeanna Smialek

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FEDERAL RESERVE officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of central bank bond holdings in September. Above, Fed Chair Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Fed sees no 2019 hike, plans Sept. end to asset drawdown

NEW YORK - Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of...
A ROUGHLY 20 percent of the decline in homeownership among young adults can be attributed to that increase in student loan debt, according to a new report from the Federal Reserve. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

Student debt is a driver of low millennial homeownership rates

NEW YORK - American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit. Just...
TEN YEARS after the Great Recession, 25- to 34-year-old men are lagging in the workforce more than any other age and gender demographic. / BLOOMBERG NEWS

Millennial men leave perplexing hole in hot U.S. job market

NEW YORK - Nathan Butcher is 25 and, like many men his age, he isn’t working. Weary of long days earning minimum wage, he quit his...
IN AN ECONOMIC LETTER, an economic letter from the Federal Reserve Bank of San Francisco, economists Tim Mahedy and Daniel Wilson wrote that analysts may have overestimated the benefits of the Tax Cuts and Jobs Act of 2017. / BLOOMBERG FILE PHOTO/JULIA SCHMALZ

Growth benefits of U.S. tax cuts may be overestimated

NEW YORK - United States growth expectations may be too rosy as analysts overestimate how much tax cuts will boost the economy, according to...
FEDERAL RESERVE CHAIR Janet Yellen said that any rollbacks of post-crisis financial reforms should be “modest.” / BLOOMBERG FILE PHOTO/ANDREW HARRER

Yellen issues broad defense of post-crisis financial rules

NEW YORK - Federal Reserve Chair Janet Yellen said any rollback of post-crisis financial reforms should be “modest” because they’ve made the banking system...
MILLENIAL WOMEN MADE just under 89 cents on a man’s dollar in 2016, down from a high of 92 cents in 2011. / BLOOMBERG

Millennial women are losing ground in U.S. race for equal pay

NEW YORK - Women between 25 and 34 years old are slipping when it comes to pay equality with men, data from the Bureau...
FEDERAL RESERVE OFFICIALS opted to leave the Federal Open Market Committee's target range for its benchmark lending rate unchanged at 0.75 percent to 1 percent on Wednesday / BLOOMBERG

Most fed officials see tightening `soon’; June rate hike possible

NEW YORK - Most Federal Reserve officials judged “it would soon be appropriate” to tighten monetary policy again and backed a plan that would...
FEDERAL RESERVE Chair Janet Yellen said an interest-rate increase would “likely be appropriate” at the central bank’s upcoming meeting if employment and inflation continue to meet policy makers’ expectations. / BLOOMBERG NEWS FILE PHOTO/PETE MAROVICH

Yellen says March hike ‘likely appropriate’ if progress persists

WASHINGTON - Federal Reserve Chair Janet Yellen said an interest-rate increase would “likely be appropriate” at the central bank’s upcoming meeting if employment and...
APPROXIMATELY 180,000 jobs were added per month on average in 2016 through November, according to the U.S. Bureau of Labor Statistics. / COURTESY BLOOMBERG

Best economic forecasters lay out 2017 growth, employment calls

WASHINGTON - If excellence is not an act but a habit, the economists and analysts below fit the bill: they've clinched the No. 1...
FEDERAL Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017. Shown is Federal Reserve Chair Janet Yellen . / BLOOMBERG NEWS PHOTO/ANDREW HARRER

Fed raises rates, boosts outlook for borrowing costs in 2017

(Updated 2:29 p.m.) WASHINGTON - Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs...
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