Economy

Unusual U.S. intervention to support the yen last month designed to avoid destabilizing global markets and raising borrowing costs, he said.

The core PCE price index advanced 0.2% in July, a 3.3% rise from a year earlier.

Governments have "no room for complacency. ... We have not done very badly, but that should not be a source of saying, 'Okay, everything is hunky-dory, it's easy.'"

The latest Conference Board report suggests that high gasoline prices and broader cost-of-living pressures, alongside a slowdown in hiring, are weighing on American households.

No one issue led talks to collapse late Friday. Instead, Canadian officials say, "as we drilled down, ... our understanding of what had been agreed to was quite different from what was showing up in the documents."

Applications for U.S. unemployment benefits edged lower last week, staying near historically low levels and suggesting few layoffs across the labor market.