Fed Chair: "We Remain In Extraordinary Times."
Speaking in Boston on Tuesday, Mr. Powell depicted a throwback to economic conditions seen only briefly in post-War U.S. history, and fresh data released Thursday and Friday reinforced Mr. Powell's "remarkably positive outlook."
In the 88% of the U.S. economy outside of the manufacturing sector, purchasing activity soared in September, climbing to the highest level since inception of the index in January 2008. According to Thursday's report from the Institute for Supply Management, the forward-looking new orders component of the index slowed slightly from August but remained very strong.
Meanwhile, the Labor Department said on Friday that unemployment, from its record low in August, ticked lower in September — as low as it's been since 1969.
- Last Chance For Pre-Retired Professionals & Biz Owners
- Amid A Swirl Of Controversy, Fed Policy Remained Stable
- More Good Economic News On Friday
- Is Amazon Keeping The Inflation Rate Low?
- Analyzing The Market Correction
- This Week In Stocks And The Economy
- Analyzing The Risk Of Stocks After The 6.9% Drop
- Fed Chair: "We Remain In Extraordinary Times."
- With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
- Widespread Misinformation Follows Household Median Income Report
- Investment Wisdom At A Poignant Moment In History
- Good Economic Surprises Happening Now
- Economic Facts To Prepare For The Elections
- Another Member Of Music Royalty Dies With No Will
- Top 10 Indications The Economic Outlook Is Brighter Than Expected
- Wealth And Economic News This Week (2-Minute Read)
- 10 Things: New Education Tax Breaks For A Child Or Grandchild
- The Truth About U.S. GDP Growth
- Despite Distractions, Economic Data Boomed Last Week
- Protect Yourself Against Spearphishing
- Even The New York Times Gets Investment Facts Wrong Sometimes
- First-Half Of 2018 Stock Investing Highlights
- U.S. Leading Indicators Growth Rate Slowed In May; Should You Worry?
- Signal To Noise Ratio Of U.S. Economy Is An Anomaly