Federal regulators Friday designated MetLife Inc. for special oversight, saying the insurer is so big that its failure or other major problems would pose a threat to the U.S. financial system.
The American economic outlook, bolstered by robust job growth and a sharp drop in gasoline prices, was boosted a little more with the Federal Reserve's signal that it would take as long as three years to raise interests to once-normal levels.
The Federal Reserve signaled Wednesday that its first interest rate hike in eight years is approaching as policymakers stopped indicating that short-term rates would remain near zero for “a considerable time.”
Plunging gasoline costs led to the largest drop in consumer prices in six years last month and added another complication for Federal Reserve policymakers as they try to determine when to start raising interest rates.
Despite lower production expenses, pennies and nickels still cost more to make than their face value -- and that added up to a loss of $90.5 million to taxpayers this year, according to a new Treasury Department report.
Factories heated up last month, helping fuel the biggest jump in overall industrial production in two years, the Federal Reserve said Monday.
The International Energy Agency on Friday cut its forecast for global oil demand next year as prices continued to plunge because of oversupply and weak economies around the world.
In a partisan vote, the Federal Communications Commission approved a major increase in funding — $1.5 billion — to help give schools and libraries high-speed Internet access.