Economy

The New York region's service sector activity "picked up," according to the Federal Reserve Bank of New York's August Business Leaders Survey, released Tuesday.

A new measure of the natural rate of unemployment implies “the elimination of labor market slack,” according to an Economic Letter published Monday.

Inflation will not grow as much as previously forecast, according to the latest projections in the Federal Reserve Bank of Philadelphia's survey of professional forecasters.

Federal Reserve Bank of New York President William Dudley offered a positive outlook for the U.S. economy, job market and inflation on Thursday, saying better conditions would help support the most vulnerable Americans.

Monetary policy is near appropriate levels, Federal Reserve Bank of St. Louis President James Bullard repeated Monday.

Gov. Jerry Brown's administration disputed the prognosis about California's fiscal position.

All 12 Federal Reserve Districts saw economic growth in June, the Beige Book, released Wednesday indicated.

Since 2013, the Tupelo, Miss., and Lee County school districts have made major additions and improvements to their school campuses. Besides the obvious benefits of those construction projects to the school districts, the improvements have pumped nearly $40 million total into the local economy and employed hundreds of local residents.

Uncertainty surrounding U.S. government policy may be holding back economic growth because of its negative impact on business investment, Federal Reserve Vice Chairman Stanley Fischer said.