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The Tell: UPS fires warning shot across the bow of the stock market and the Fed

2015-07-28 20:57:14| Air Courier - Topix.net

United Parcel Service Inc. has fired warning shots across the bow of the Federal Reserve and the stock market, by saying on Tuesday that U.S. economic growth appears to be slowing. The package-delivery giant's cautious outlook runs counter to what Fed Chairwoman Janet Yellen said earlier this month, when she told Congress she expects the U.S. economy to keep strengthening enough for the central bank to raise interest rates " at some point this year ."

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