Unemployment is remarkably low. Yet in the struggle between labor and companies, workers are losing, and that keeps their pay stagnant.
The European Union is hunting for free-trade deals in Asia and Latin America to help compensate for lost business with the United States.
Uncertainty around trade poses a threat to economic growth, and we should not underestimate the risks.
Fears of an overheated economy could prompt the Federal Reserve to cut short a recovery in which incomes have already struggled to gain traction.
The Federal Reserve’s semiannual Monetary Policy Report suggests that policymakers will continue with their plan to raise rates a total of four times in 2018.