U.S. income gap seen as drag on economy
AP survey of more than three dozen economists finds widening income inequality hurting growth as rich Americans gain stock wealth while middle and lower income households see slow wage gains. Analysts urge broader spending base, noting stock gains mostly benefit the affluent and urging policy action.
MENTIONED IN THIS ARTICLE
Washington
U.S
Associated Press
Scott Brown
Raymond James
Michael Niemira
International Council of Shopping Centers
Barack Obama
California
Connecticut
Rhode Island
New Jersey
Academic Stud
Fed likely to maintain bond buying pace in 2014 decision
The Fed is expected to keep monthly purchases at 85 billion dollars as policymakers weigh slowing the pace later if the economy strengthens. Early signs include four straight months of hiring gains, 7 percent unemployment, and near record stock levels, with Bernanke to hold a final briefing before stepping down.
MENTIONED IN THIS ARTICLE
Ies
U.S
Federal Reserve
Fed
Janet Yellen
Ben Bernanke
Dovish
Senate
Yellen
Washington
House
Mark Zandi
Moody’s Analytics
Bernanke
Associated Press
Also Mentioned on This Page
Center On
Cbpp.org
Cms
Pablo Martinez Monsivaisap
Federal Reserve Board
Federal Reserve Building
BY Martin Crutsinger
The
Jane Jewelers
Odessa
Shain
N. Grandview
Andrews
Texas
America
Senet
American Firearms Service
N. Galahad
West Odessa
Accent Granite & Marble
Bailey Button
Bailey
Dillard
Australia
Blaise Moto
Josette
Dillard's