Why Yellen Blinked on Interest Rates
[09/17/15] It has been seven years of zero percent interest rates. What’s another two or three months among friends?
That’s the conclusion that Janet Yellen and her colleagues at the Federal Reserve reached in their policy meeting on Thursday. They left interest rates unchanged at the same near-zero level where they have been lodged since December 2008. For them, the risk of changing course prematurely just seemed higher than another couple of months of zero rates.
Ms. Yellen blinked, which is not to say she made a mistake. Sometimes blinking is a very sensible thing...
U.S. Job Openings Hit Record High as Labor Market Tightens
[09/09/15] U.S. job openings surged to a record high in July and employers appeared to have trouble filling openings, the latest signal of an increasingly tight labor market that could push the Federal Reserve closer to raising interest rates.
The monthly Job Openings and Labor Turnover Survey, or JOLTS, is one of the job market metrics on Fed Chair Janet Yellen's so-called dashboard. It was published ahead of the U.S. central bank's Sept. 16-17 policy meeting.
Despite the tightening labor market and a strong rebound in economic growth, the probability of a rate hike at...
Hopes for Manufacturing Rebound are Fading
