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Matthew Boesler

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THE RESULTS of the Fed’s 2017 report on the economic well-being of U.S. households showed that two in five Americans don’t have enough savings to cover a $400 emergency expense, and one in four don’t feel they are “at least doing OK” financially. / BLOOMBERG FILE PHOTO/PATRICK T. FALLON

Fed poll shows many Americans missing solid job market’s bounty

NEW YORK - Many United States households remain in a precarious financial position despite unemployment falling to the lowest level in years, a new Federal...
U.S. WAGE GROWTH deceleration was driven by three sectors: education and health services, financial activities and manufacturing. / BLOOMBERG FILE PHOTO/TY WRIGHT

Three sectors explain most of deceleration in U.S. wage growth

NEW YORK - The deceleration in United States wage growth in April was relatively broad-based, with eight of 13 sectors seeing a down-tick. But...
FEDERAL RESERVE BANK of New York researchers said that tariffs on steel and aluminum are more likely to reduce U.S. jobs than create them. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Fed economists say tariffs more likely to kill than create jobs

NEW YORK - United States President Donald Trump may hope his tariffs on imported steel and aluminum will create new jobs, or at least...
WILLIAM DUDLEY, president and chief executive officer of the Federal Reserve Bank of New York, says the risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual interest-rate increases. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed’s Dudley worries tax cuts risk overheating U.S. economy

NEW YORK - The risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual...

Blame these 3 industries for holding back U.S. wage growth

If you’re seeking a culprit behind sluggish U.S. wage growth amid a 16-year low in unemployment, look at three sectors in particular: manufacturing, wholesale...
THE AVERAGE SO-CALLED reservation wage of survey respondents declined to $58,000 last month. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. job-seekers willing to accept lower wages, Fed survey shows

NEW YORK - Job-seekers in the U.S. have in recent months reduced the amount of money they would need to be offered to accept...

Dudley sees Fed rate rise by year-end if data on track

NEW YORK - Federal Reserve Bank of New York President William Dudley repeated that he expects an interest-rate increase by the end of 2016,...

Fed’s Dudley says ‘Go as far as you can’ to expand...

NEW YORK - Federal Reserve Bank of New York President William Dudley said the U.S. central bank should continue seeking to draw Americans back...

U.S. consumer inflation expectations drop in New York Fed survey

NEW YORK - U.S. household expectations for inflation in three years’ time fell last month, according to a Federal Reserve Bank of New York...
INVESTORS WILL listen closely for additional clues on timing of an interest rate increase when Fed Chair Janet Yellen speaks Aug. 26 at an annual symposium hosted by the Kansas City Fed in Jackson Hole, Wyo. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed officials split in July on whether rate hike needed soon

NEW YORK - Federal Reserve officials were divided in July over the urgency to raise interest rates again, with some preferring to wait because...
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