Stocks Close Slightly Lower After Fed Chair's Speech
Jackson Hole, Wyoming, a valley nestled in the Grand Teton Mountain Range, is the unlikely setting of a meeting annually of many of the world's top economists. On Friday, Federal Reserve Chair, Janet Yellen, addressed the gathering at the annual Jackson Hole Economic Symposium at the Jackson Lake Lodge, and she said an interest rate hike was likely by the end of the year. Yellen also said the slow growth rate of recent years could remain in place in the years ahead.more >
U.S. Leading Economic Indicators Rose Again
The most important forward-looking measure of U.S. economic activity, the leading economic indicators, rose four-tenths of 1% in July, confirming that the U.S. economy is continuing to grow.more >
Fact Check: Is 4% GDP Growth Realistic?
In an election year, economic growth plans are debated, and one of the hot arguments is over the slow economic growth we've experienced since The Great Recession. Politicians on both sides of the aisle point out that the growth rate of the U.S. economy is low compared to decades past. Are they right? If you check the facts, you find that the growth rate in recent years is indeed lower than in the 1970s and 1980s. However, the lower growth rate is not caused by the actions of Republicans or Democrats, but by population trends. Growth in the U.S. economy is driven by a simple equation: The change in productivity plus the change in the labor force equals the growth of the gross domestic product.more >