Employers hired at the strongest pace in nearly three years last month, adding 321,000 jobs, the latest sign the U.S. is besting other major economies.
The Fed plans to keep a key interest rate at a record low to support a job market that isn't yet healthy and help lift inflation from unusually low levels.
The global economy has stumbled, and financial markets have been volatile. But that doesn't mean the Federal Reserve plans any major policy shifts.
The Fed's debate on whether to change its interest rate guidance heated up last month, with officials saying the central bank risked misleading investors.
Employers stepped up hiring in September and the jobless rate fell to a six-year low, which could bolster bets on a Federal Reserve rate hike in mid-2015.
Financial markets are awaiting the end of a Federal Reserve meeting Wednesday for any clearer signal about the timing of an interest rate increase.
A surge in dividend-rich utility stocks and a a cease-fire deal between Ukraine and Russian-backed separatists helped push the S&P 500 to a record Friday.
The economy strengthened in all regions of the country in July and August, in areas from consumer spending to auto sales to tourism, the Fed reports.
A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, a new survey shows.
Federal Reserve Chair Janet Yellen is to address an annual Fed conference, and investors will be seeking any hints of when the Fed will start raising rates.
Some Fed officials think the economy is improving fast enough that they'll need to raise interest rates sooner than previously expected.
Good news for workers isn't necessarily good for investors. Increased labor costs in the form of higher pay raises could slow down the bull market.
Fewer people sought U.S. unemployment benefits last week, as jobless claims remain at relatively low levels that point toward stronger economic growth.
After a grim start to 2014, the economy has rebounded with vigor, but whether the Fed will raise interest rates sooner than expected remains unclear.
The Fed presses ahead with its plan to wind down its bond-buying stimulus, while reaffirming it is in no rush to raise interest rates.
An improving economy could force the Fed to shift into rate hiking gear sooner than it would like, some Fed watchers say.
Fed Chair Janet Yellen will have some good news to tell Congress about the health of the labor market. But lawmakers will likely want to hear more.
The Federal Reserve's controversial bond buying program also known as quantitative easing is gearing up for its finale.
Fed Chair Janet Yellen wants to see wages climb at a faster clip, but she'll have to fend off policymakers who fear that could cause inflation to surge.
The Federal Reserve slashed its forecast for U.S. economic growth this year, but expressed confidence the recovery was largely on track.
The Fed will likely approve a fifth cut in its monthly bond purchases on Wednesday, because the job market has steadily strengthened.