Fed hints at rate bump at September meeting
Fed Chair Janet Yellen signaled a possible increase in the federal funds rate at the Sept. 20-21 meeting. She said labor markets showed strength with 190,000 jobs created May through July, but warned the economy remains uncertain and policy is not on a preset course.
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Washington
Federal Reserve
Janet Yellen
Central Bank
Yellen
Jackson Hole
Wyo
U.S
Fed
Chris Rupkey
Mitsubishi Ufg Financial Group
VW seeks broader US appeal with lower prices after fines
VW plans a wider model range and lower sticker prices for US dealers as part of a settlement to compensate 652 dealers with about 1.2 billion dollars. Alan Brown says dealers welcome more mass market options and a volume driven approach to revive U S sales.
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Volkswagen
U.S
Alan Brown
Vw’s
Brown
Tennessee
U S Economy Shows Slower Growth and Mixed Outlook
U S GDP rose 1.1 percent in the latest quarter, revised down from 1.2, as inventory depletion and government outlays dragged on growth. Consumer spending remains the main support, with wages revised higher and sentiment easing to a four month low. AB InBev plans 3 percent layoffs post SABMiller takeovers, aiming for 1.4 billion annual savings. Major indexes mostly lower as Fed rate hike expectations shift.
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Commerce Department
Washington
Federal Reserve
David Sloan
4Cast Inc
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Bloomberg
Richard Curtin
Michigan Survey
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Sabmiller
AB InBev
Anheuser-Busch
Mexico
Modelo
Fed
Janet Yellen
Standard and Poor
Local Stocks News Brief On Fees And NAVs
Mult i index funds face distribution versus net asset value fee questions. Unofficial press sales figures accompany the note, with local interest topics highlighted.
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