As Janet Yellen seeks to forge a consensus on a new strategy for communicating the Federal Reserve’s intention to keep rates low, she can reach for a six- year-old tool: the Fed’s quarterly forecasts.
Service providers from construction companies to retailers expanded in May at the fastest pace in nine months, signaling a broad-based rebound in the U.S. economy after a dismal first quarter.
"The manufacturing sector at this point appears to be firing on all cylinders and, if anything, that's an indication that momentum in the U.S. economy is picking up."
- Millan Mulraine on Aug 15, 2014
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TD’s Mulraine Sees Semblance of Stability
Mulraine Says QE `Absolutely' Necessary