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| February 18, 2018

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Will the wild stock market cause the Federal Reserve to slow interest rate hikes? And should it?

February 13, 2018 |

Financial markets delivered an unwelcome gift for Jerome H. Powell when he was sworn in last week as chairman of the Federal Reserve — a nosedive.

Triggered by fears of rising inflation and interest rates, the Dow Jones industrial average’s record 1,175-point plunge on Feb. 5 kicked off the worst…


L.A. Times – Business

Airlines are bumping passengers at the lowest rate in decades after dragging incident

February 11, 2018 |

The disturbing image of a bloodied passenger being dragged by security officers off of a commercial plane last April continues to have ramifications for passengers on all airlines in the U.S.

The nation’s biggest airlines reported that in 2017 they had the lowest rate of passengers involuntarily…


L.A. Times – Business

Jobs Report: Wage Growth at Fastest Rate in 8 Years

February 2, 2018 |

US employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years. The pay gains suggest employers are competing more fiercely for workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states also likely boosted pay….
Newser

CNN

Mexico reports highest murder rate on record

January 23, 2018 |

Soaring levels of drug-related violence made 2017 Mexico’s most murderous year on record, according to government statistics released Sunday.
CNN.com – RSS Channel – Regions – Americas

California adds 47,400 jobs as unemployment rate falls to lowest level in more than 40 years

December 23, 2017 |

California added 47,400 jobs in November, while the unemployment rate fell to 4.6%.
L.A. Times – Business

What the Fed rate hike means for consumers

December 17, 2017 |

The Federal Reserve vote last week to increase a key interest rate by a quarter of a percentage point will eventually affect consumers, and the next step depends on which side of the saving-borrowing divide they stand.

The federal funds rate, the rate banks charge one another for overnight loans,…


L.A. Times – Business

Fed Makes Rate Hike Despite Lack of Inflation

December 13, 2017 |

As expected, the Federal Reserve has boosted a key short-term interest rate at the last US central bank meeting that Janet Yellen is expected to lead, the AP reports. Fed officials ended their two-day meeting by hiking the federal funds rate—what banks charge each other for short-term loans—to…
Newser

Fed hikes its key interest rate again and sharply increases next year’s economic growth forecast

December 13, 2017 |

Federal Reserve monetary policymakers on Wednesday nudged up their key interest rate again and sharply increased their forecast for the economy’s performance in 2018 as Congress neared passage of a large tax cut package.

Fed officials voted 7-2 after a two-day meeting to increase the rate by a…


L.A. Times – Business

Beating expectations, U.S. employers add 228,000 jobs; unemployment rate stays at 4.1%

December 9, 2017 |

Another month of strong job growth showed that the U.S. economy is lifting more workers left out of the recovery and heading into next year with solid momentum, even as there are lingering uncertainties about the outlook for wages and inflation.

Employers added 228,000 net new jobs in November,…


L.A. Times – Business

Fed discussions signal another interest rate hike is possible this year despite low inflation

November 23, 2017 |

Federal Reserve officials generally believe that it’ll soon be time for another increase in the Fed’s key interest rate. However, a few felt any further rate hikes should be delayed until they see inflation moving higher, minutes of their last meeting revealed.

Minutes of the Fed’s Oct. 31-Nov….


L.A. Times – Business