Lagging pay in a lengthy recovery defied the usual logic. Economists now have a better idea of the reasons and patterns behind the belated bounce. Source: NYT > Business – BEN CASSELMAN
Bank of England Foresees Faster Economic Growth
Britain’s central bank said it might need to raise its benchmark interest rate more than once over next three years. Source: NYT > Business – AMIE TSANG
Fed Leaves Interest Rates Unchanged as Low Inflation Persists
The Fed is continuing its “patient” stance as it considers its next move. Weak inflation will force the Fed to walk a policy tightrope. Source: NYT > Business – JEANNA SMIALEK
Fed Likely to Leave Interest Rates Unchanged as Trump Calls for Cut
The president wants the Fed to cut rates and stimulate the economy. But the Fed appears poised to continue its patient stance at its meeting that ends Wednesday. Source: NYT > Business – JEANNA SMIALEK
How Will the Fed Fight the Next Recession? It’s Trying to Figure That Out Right Now
The central bank has fewer arrows in its quiver to protect the economy from the normal ups and downs. Source: NYT > Business – NEIL IRWIN
What’s at Risk if the Fed Becomes as Partisan as the Rest of Washington
The credibility of the Federal Reserve around the world has been built over decades. Source: NYT > Business – NEIL IRWIN