Morning Scan: Job Market Gains, But Rates to Remain Low; Banks'...
08/11/14
Receiving Wide Coverage ... Recovery and Liftoff: There are signs of an improving economy, yes. Factory orders are up, there are fewer vacancies in apartment buildings. Unemployment is falling, too, the Wall Street Journal and Bloomberg report. But, until there is more significant improvement in the job market and wage growth, Fed Chair Janet Yellen and other Fed officials in all likelihood are going to lean toward keeping short-term interest rates near zero, the Journal says.Â...
[more]- Feeds Categories:
