The economy has come a long way, but the Federal Reserve’s decision on rates could still be swayed by data before its meeting in two weeks, Fed Chair Janet Yellen said Wednesday.
Economic data have not necessarily been playing ball with the Fed’s policy plans in recent weeks and have been mixed at best. While construction spending has risen, there has been a sharp downturn in the manufacturing surveys along with weaker retail sales.
The government’s crucial monthly employment report is issued on Friday morning.
