Economy News - Wall Street Journal

Consumers Ramp Up Spending, But Risks Abound

American consumers ramped up spending last month, amid low unemployment, rising confidence and soaring stock prices. But a big chunk of that spending of late has been covered by debt.

Fed Minutes May Offer Clues on Start of Portfolio Wind-Down, Rate Rise Plans

The Federal Reserve on Wednesday will release minutes from its July meeting, when it left interest rates unchanged and indicated it could begin shrinking its bond portfolio as soon as September.

Trump Names Philipson to Council of Economic Advisers

President Donald Trump named Tomas Philipson, an economist at the University of Chicago who has specialized in health-care policy, to the three-member Council of Economic Advisers on Monday.

Japan Posts 4.0% GDP Growth in April-June Quarter

Japan’s economy grew more quickly than expected in the April-June quarter, with strong household spending driving the sixth straight quarter of growth under Prime Minister Shinzo Abe.

China Data Shows a Slowdown as Beijing’s Debt Crackdown Takes Hold

Self-Driving Cars Could Transform Jobs Held by 1 in 9 U.S. Workers

A U.S. government report says self-driving vehicles have the potential to reshape a wide range of occupations held by roughly one in nine American workers.