- Congressman: McAuliffe victory means gun control a winning message
- Clinton aide admits soliciting disgraced D.C. fundraiser; says actions were legal
- Joel Osteen church victimized in $600K theft
- Obama goes shopping at Gap as minimum-wage thanks
- N.J. woman charged after client dies from black-market butt injections
- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
- 9/11 terror recruiter released in Syrian prisoner swap
- D.C. elections board gives green light to marijuana legalization initiative
- Elephants can tell difference between human languages: study
An America drowning in red ink is the land of the free no more
Topic - Chris Rupkey
A mixed pair of economic reports kept the stock market hovering near the break-even mark Tuesday. One report on home prices looked encouraging, and another on consumer confidence was worrisome.
It could be quite a while yet before the Federal Reserve starts raising the interest rates it's kept at record lows for three years. Maybe not before 2014.
"It appears that only a big jobs report number, (200,000 or more new jobs in July) and a sharp decline in the unemployment rate next week could stop them from taking additional steps."
"The Fed sounds about as close as they can get to taking action, short of sitting around the table in September and voting for it," said Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi UFJ.