Economy

The Fed for years has targeted 2% inflation. Some economists think 4% would give the Fed more room to get out of downturns.

A growing disconnect between the fortunes of upper- and lower-income Americans could account for some of the crossed signals in the U.S. economy.

Job growth in the U.S. burst past expectations last month but the unemployment rate edged up to 4%, presenting a mixed view of a labor market that has generally been cooling.

It’s the expansion that keeps defying expectations, thanks to steady hiring and strong spending. But don’t get too comfortable.

Canada’s jobs market continues to show signs of slack, with unemployment rising to a more than two-year higher and the pace of hiring cooling, though a spike in wage growth adds a wrinkle for a central bank pondering further rate cuts.