Economy News - Wall Street Journal

Hurricane-Battered U.S. Shed 33,000 Jobs in September

The U.S. labor market shed jobs for the first time in seven years in September, suggesting the economy took a hit from hurricanes in Florida and Texas.

Economists React: ‘Doesn’t Carry Weight’

Analysis: Jobs Report Leaves Fed on Course to Raise Rates Again This Year

The Federal Reserve won’t lose sleep over September’s hurricane-dented jobs report showing the first decline in employment in seven years. Instead, officials are more likely to focus on other signs of an improving labor market.

Why the Fed Won’t Stand in the Way of Trump’s Tax Cuts

Faster growth spurred by tax cuts and other supply-driven factors would be welcomed by the Fed. But the implications for monetary policy aren’t straightforward, writes Greg Ip.

White House Economist Defends GOP’s Tax-Overhaul Plan

Lawmakers Push Trump for More North Korea Sanctions

Lawmakers are pressuring the Trump administration to expand sanctions aimed at North Korea to dozens of businesses described as components of illicit financing networks.

U.S. to Ease Sanctions Against Sudan

IMF, World Bank Leaders: Now Is the Time to Prepare for a Future Downturn

Global policy makers are becoming complacent during a moment of calm, doing too little to prepare their economies for a future downturn, the leaders of the International Monetary Fund and World Bank said.