“Apparent high risk appetite in asset markets has not led to increased borrowing in the nonfinancial sector,” the report said. Stanley Fischer, the Fed’s vice chairman, said Thursday that uncertainty about federal fiscal policy may be weighing on the economy once again. Productivity growth in the United States remains a little bit faster than in other developed countries. The slow pace of productivity growth is an important reason that employee compensation is rising slowly. Advertisement Continue reading the main storyThere is some evidence of a modest upward trend as the labor market has tightened, but the growth remains very weak by historical standards.

Source: New York Times July 07, 2017 15:24 UTC