The Fed, as expected, dropped the word 'patient' in describing when it might start raising interest rates. But it also signaled that rates are unlikely to be increased in June.
Most observers expect the central bank to drop 'patient' language from statement. But they won't know when rates may rise until Janet Yellen speaks
Don't sweat the volatility in today's market. Stocks go up and stocks go down, but the fundamentals of accelerating consumer spending and cheap gas are still here.
Consumer spending, which is 70% of the U.S. economy, rose 4.3% in the fourth quarter.
The Fed dropped waiting 'a considerable time' to raise interest rates, but a slowing global economy and plunging oil prices could delay any action to September from June.
A housing recovery is coming, and it's picking up some fresh steam from the job market, gas prices and falling mortgage rates.
Gasoline prices may be plunging, but consumers aren't spending as much of that extra money as everyone thought.
The U.S. unemployment rate fell to 5.6%. But the picture for sluggish wage growth is less clear when you look at other measurements.
Housing rebound in 2015? Maybe, if wages can lead the way. No big price appreciation next year, but more construction is likely as job woes recede.
Shake Shack's IPO will pit great culture and brand against shaky numbers. The burger chain wants a $1 billion valuation. It'll take a lot of hungry liberals.