boosted

Fed’s Powell says interest rates could rise ‘fairly soon’

A U.S. rate hike may come “fairly soon” if data confirm the economy is continuing to grow and labor markets are still tightening, Federal Reserve Governor Jerome Powell said on Thursday in remarks that may help tee up higher rates as soon as mid-June. Powell said the economy remains on a “solid footing” and that he views ongoing job growth and evidence of rising wages as being more important than recent weakness in consumer spending and business investment. “There are good reasons to think that underlying…

Go here to see the original: 
Fed’s Powell says interest rates could rise ‘fairly soon’

boosted

U.S. business spending mired in weakness, but economy picking up

U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year…

Go here to read the rest:
U.S. business spending mired in weakness, but economy picking up