After six straight months of plunging oil prices, U.S. shale drillers have sent the clearest signal to date that they’re retreating. Thirty-five horizontal rigs, their weapon of choice for reaching oil deposits in tight-rock formations such as North Dakota’s Bakken...
A mixed December jobs report likely keeps the Federal Reserve on course to remain patient about raising short-term interest rates, meaning no action at least until April and probably longer. Payroll employment growth has clearly picked up and the jobless...
Even as unemployment keeps falling, wages just aren’t picking up. With nobody confidently able to explain why, the Federal Reserve should have the confidence to take it slow on raising rates. The U.S. added 252,000 jobs in December, the Labor...
