US service sector inched closer to growth in Aug.

Fed stands pat, says economy grew moderately
The Federal Reserve said Tuesday that the U.S. economy has improved modestly as hiring and consumer spending have risen, and it's holding off on any new steps to boost the economy.

Consumer Spending Rebounds
Consumer spending rose at its fastest pace in five months in July, supporting views the economy was not falling back into recession.

In Turkey, Banks Nudged to Cool a Sizzling Economy
The country’s economy, which crashed in 1994 and 2001 and was set back by the global financial crisis, is showing signs of overheating, fueled by consumer spending.

The Trillion Dollar Meltdown: Easy Money, High...
We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the...

The End of Prosperity: How Higher Taxes Will Doom the...
Arthur Laffer -- the father of supply-side economics and a member of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of The Wall Street Journal editorial...