The U.S. economy's sluggish start to the year is validating the wait-and-see approach the Federal Reserve has taken with raising interest rates. Business investments, constrained by falling corporate profits and diminishing exports, and held back by the strong dollar, have both played their role in the...
An increasing number of economists and corporate leaders say the risk of the U.S. dipping into a recession is rising. More than anything, they have pointed to the global growth slowdown and convulsions in financial markets. According to the Wall Street Journal’s monthly survey of economists,...
This week, the Federal Reserve indicated that interest rates will be raised next year. In a statement issued from the policy meeting, the Federal Reserve said monetary policy will be "normalized." Since 2008, rates have hovered near zero, with the Federal Reserve offering consistent assurances that...