Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
“A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the FOMC said today.
Yellen’s Economy Echoes Arthur Burns More Than Greenspan
Federal Reserve Chair Janet Yellen faces an economy that is starting to look more like the 1970s than the 1990s.
Alan Blinder Offers Stark Economic View; Sees Fed Rate Bind
Princeton economist and former Fed vice chairman Alan Blinder talks at IMCA conference about what’s next for the Fed and his take on regulation.
Payrolls in U.S. Rise Most Since 2012, Unemployment Falls to 6.3%
The jobless rate plunged to 6.3% as companies grew confident the U.S. economy was emerging from a first-quarter slowdown.
Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.
Sales of Existing U.S. Homes Fall for Third Straight Month
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
Bill Gross’ Wild Ride: PIMCO Total Return Fund Bottom of Bloomberg Ranking
The PIMCO Total Return Fund notched the worst risk-adjusted returns among 16 similar funds ranked by Bloomberg.
SEC Enforcement: ‘Trader’ Bilks Elderly Investors to Pay Mortgage
Other recent targets of SEC actions were an oil services company fined for bribing foreign officials and a penny-stock financier.
U.S. Real Estate Looking Up but Emerging Markets Rising Even Higher: Cohen & Steers
"Emerging markets not only make up a larger percentage of global GDP than a few years ago, but they have grown faster than developed markets," says Cohen & Steers' Jason Yablon.
U.S. Economy Shrinks 0.1% in Q4, First Time Since 2009
The Commerce Department said the economy shrank at an annual rate of 0.1% mainly because companies restocked at a slower rate and the government slashed defense spending.