The growth is evidence of economic durability and all but assures that the Federal Reserve will resume raising interest rates late this year.
Higher interest rates would triple the interest on the federal debt by 2026, would hurt workers and young voters and could bankrupt more than 20 percent of U.S. corporations.
Black and Latino working-class activists attempted to hold leading U.S. economic policymakers accountable to communities of color by posing tough questions to 10 Federal Reserve presidents and governors at the institution's annual Jackson Hole Policy Symposium.
"Start imagining what we, the savers, have to endure because of plutocratic, crony capitalism for which the Federal Reserve has long been a leading Tribune."
The International Monetary Fund says a slowdown of the Chinese economy and a decline in world trade are undermining the stability of highly indebted emerging economies.
Raising interest rates before employment and wages have recovered would harm working people and the U.S. economy, The New York Times' Editorial Board writes on Labor Day.
Although they ended with still more losses, U.S. stock markets recovered partly Monday after a plummet to dramatic lows fueled by fears of a collapse in the Chinese economy. The shock experienced in recent days was predictable, writes Guardian economics editor Larry Elliot.
Reports that huge sums of investment money have flowed out of countries with emerging markets suggest that countries once billed as "stars of the post-crash economy are now waning."
For the first time since the global recession, Federal Reserve officials are divided over whether to raise interest rates. This occurs amid signs that U.S. economic growth has slowed.
Payday loan providers have been around for 20 years or so, and in that time their growth rate has been exponential for one reason alone: The services they provide are a huge, undeniable, legal scam. Watch John Oliver and comedian Sarah Silverman explain why you need to avoid them at all costs.