Economy

New study reveals that Mexican executives expect far more growth by the end of 2021 than do Canadians or Americans.

Secretary Yellen says that next month the U.S. Treasury Department will probably exhaust its options for avoiding payments default, unless the debt ceiling is increased or removed.

The deceleration reflects growing fears about the Covid-19 delta variant and difficulties filling vacant positions. U.S. payrolls are still 5.3 million below their pre-pandemic level.

Core capital goods orders did not change in July, after increasing 1% in June.

She sees risk of default as early as October, if Congress fails to act on a debt-limit hike when the two-year suspension ends on Saturday.

Wealthy and lower-income households gained, according to Fed data analyzed by ING.

The speed and consistency of the economic recovery will depend on political stability and continued vaccination progress.

"The job is not done. ... We've got to get the pandemic under control so the U.S. economy can reopen," Powell said.