An extended run of modest labor market gains this year has produced little acceleration in wage growth or inflation, underscoring a puzzle that complicates Federal Reserve policy decisions looming in the months ahead.
The August jobs report could magnify the debate over how aggressively the Federal Reserve should move with rate increases.
U.S. factory-sector activity rose sharply in August to the highest level since April 2011.
Congress needs to raise the debt limit by the end of September or risk default. Widespread support for storm aid could help get it done.
New York Fed President William Dudley was investigated this year for failing to disclose a relative’s employment at Wells Fargo and was cleared of any wrongdoing, the regional Fed bank said Friday.
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