Fed holds interest rates at record lows
WASHINGTON, D.C. — The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
View ArticleRating execs: Pressure led to inflation
WASHINGTON, D.C. — Former credit rating industry executives told a Senate panel Friday that competitive pressures and poor internal communications led their analysts to award safe ratings to risky...
View ArticleGov’t: No increase for Social Security next year
WASHINGTON, D.C. — More than 58 million retirees and disabled Americans will get no increase in Social Security benefits next year, the second year in a row without a raise.
View ArticleOctober housing construction falls sharply
WASHINGTON, D.C. — Construction of new homes fell in October, fresh evidence that the housing industry remains under duress. Construction of new homes and apartments sank 11.7 percent last month to a...
View ArticleStocks turn mixed as lift from tax cuts fades
NEW YORK CITY — Stocks are turning mixed after three straight weeks of gains as momentum fades about a freshly signed tax-cut package. Major indexes are mostly lower in midday trading Monday, giving up...
View ArticleBernanke: Lasting rise in oil prices pose a danger
WASHINGTON, D.C. — Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would pose a danger to the U.S. economy. But he said a more likely outcome is a...
View ArticleInflation worries push consumer confidence lower
NEW YORK CITY — U.S. shoppers' worries about juggling rising gas and food prices and other household costs pushed the Consumer Confidence Index down sharply in March. The decline, which followed a...
View ArticleConsumer Confidence Index rises in April
NEW YORK — Americans' concerns about jobs and inflation eased somewhat in April, pushing the Consumer Confidence Index higher. The increase comes after an unexpected drop in March. But the measure had...
View ArticleFed signals $600B bond program to end in June
WASHINGTON, D.C. — The Federal Reserve is signaling that its $600 billion Treasury bond-buying program will end in June as planned because the economy has strengthened and companies are starting to...
View ArticleUS consumer spending, incomes both rise in March
WASHINGTON, D.C. — Americans earned and spent more in March, but much of the extra money went to pay for gas. Personal incomes rose 0.5 percent last month and consumer spending increased 0.6 percent,...
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