Big surprise from minutes of the Fed's last monetary policy meeting: Even most doves said the September decision not to raise interest rates was a close call
Gain of 156,000 jobs misses forecasts of about 170,000, as unemployment rate rises to 5% -- but near-stasis helps the leader
The nation's private employers added 154,000 jobs in September, slightly below forecasts, but hiring appears solid in most of the swing states that will determine the next president.
'The number' is 169,000 new jobs. Miss in either direction, and watch politicians howl, since the presidential election is only a little more than a month away.
The good news is less exciting when you look beneath the surface, though, and it doesn't change the outlook for interest-rate hikes. Look for one in December.
Three of the 10 voting members of the Fed's monetary policy committee wanted to raise the target range for short-term interest rates by a quarter of a point.
Conflicting views from Fed officials led to the market volatility in the last couple of days as the debate for when to raise interest rates continues.
The odds that the Fed will raise rates in 2016 are diminishing in the aftermath of the Breixt vote, but market returns are unlikely to be affected.
Despite some turmoil in Brazil's economy, the country has established itself as one of the fast-growing pet markets in the world. Here's why.
As campaigning in Britain's referendum on European Union membership enters its final week, central banks cooperate to prevent financial panic if the 'leave' camp prevails.
The Federal Open Market Committee is expected to make an incremental rate increase at its June meeting.
The Federal Reserve is unlikely to raise interest rates again until this summer or after the presidential election as the economy has faltered and remains weak.
Before making any moves, the central bank wants to know the consumer is OK and the markets' newfound stability is for real.
Unfazed by Donald Trump's vision of a 'Great America,' Bill Gross says the DNA of the Federal Reserve and its peers makes it hard to cope with real-world challenges.
The Fed will reassure investors about the solid underlying fundamentals of the U.S. economy and not raise rates. Of course, it can't admit it made the wrong call in December.