Today's Economic Calendar
The Federal Reserve now believes its monetary policy is back to normal. That should worry you: if this is normal, then the Fed has precious little ammunition for when economic conditions again turn abnormal.
The Federal Reserve held its benchmark interest rate steady, and a majority of officials signaled they might not raise the rate at all this year.
Abrupt changes in the policies of the world’s largest central banks have rippled through smaller economies, leaving them with the prospect of low and even negative interest rates for years to come despite having mostly healthy economies.
The number of Americans filing applications for new unemployment benefits fell last week, showing the labor market’s strength.
With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.
Multifactor productivity grew 1% last year, the strongest gain since 2010, the first full year of the expansion, the Labor Department said, as companies like Amazon, Apple, Google and Uber have changed the way people live but the innovations haven’t radically boosted companies’ ability to be efficient.