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Matthew Boesler

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TOTAL U.S. household debt rose 0.9% from the prior quarter to $13.67 trillion in the first three months of 2019, accompanying a slowdown in new mortgage debt. / BLOOMBERG NEWS FILE PHOTO.SCOTT MCINTYRE

Americans kept borrowing in first quarter as new mortgages eased

NEW YORK – Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late...
FED GOVERNOR Lael Brainard told a conference audience in Washington on Friday that the long-term vigor of the United States economy may be at risk as middle class households are squeezed by slow growth in income and wealth and rising costs for housing, health care and education. / BLOOMBERG NEWS FILE PHOTO/JOSHUA ROBERTS

Fed officials warn inequality is threat to what made U.S. great

NEW YORK –Federal Reserve officials offered a damning take on rising inequality in America and the corrosive effects it can have on the economy.Fed...
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...
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