economy

Economy-GDP
The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated.
Yellen: Fed 'Patient'
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the Federal Reserve remains patient in deciding when to start raising interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target.
White House: Higher Wages Needed
WASHINGTON (AP) — President Barack Obama's top economists say that even as the U.S. has managed to kick-start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.
Wholesale Sales Lower
WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles in December at the slowest pace in 17 months, and sales were weak for a fifth month.

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