The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Americans' wallets got fatter in 2014 than the year before, though the biggest gains may be filtering to the top.
The average American took in $44,569.20 last year, according to data released Tuesday by the Social Security Administration. It marks an increase of 3.5 percent from 2013.
Still, 67 percent of wage earners made less than or equal to the average. Median compensation came in at $28,851.21 for the year, up from $28,031.02 in 2013.
Despite the increase in average compensation last year, pay has struggled to pick up momentum recently. Wages were flat in September, according to the Labor Department.
The mark is one metric indicating little inflationary pressure in the U.S. economy. The U.S. Federal Reserve has looked for inflation to pick up as it decides whether to start normalizing from near-zero interest rate policy.