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Fed cuts growth forecast, boosts jobless rate estimates
Money & CompanyA new forecast from the Federal Reserve paints a gloomier outlook for the economy in 2012 and 2013. The Fed on Wednesday cut its forecasts for economic growth and boosted its estimates of unemployment. In revisions to its June forecasts,...... -
Fed stands pat on policy; Bernanke press conference next
Money & CompanyThe Federal Reserve held policy steady after a two-day meeting, citing signs of improved economic growth. The Fed’s post-meeting statement Wednesday was as expected. Most economists figured the central bank wouldn’t announce any new... -
Wall Street: Stocks and gold up ahead of Fed meeting
Money & CompanyGold: Trading now at $1,743 an ounce, up 1.8% from Tuesday. Dow Jones industrial average: Trading now at 11,866.39, up 1.8% from Tuesday. Fears subside. Stocks are rising as investors anticipate the results of the latest Federal Reserve meeting Wednesday.... -
Gold jumps as European Central Bank cuts interest rates
Money & CompanyGold broke out to a seven-week high Thursday after the European Central Bank surprised markets by cutting interest rates.... -
Weekly jobless claims drop below 400,000
Money & CompanyUnemployment claims: The government said new unemployment claims dropped below 400,000 last week.... -
Fed official: Public deserves detailed policy road map
Money & CompanyA top Federal Reserve official thinks the central bank should get very detailed about how it would change policy in the future, depending on what happens in the economy. Narayana Kocherlakota, president of the Fed’s Minneapolis bank and a voting....... -
Odds of 'double-dip' recession about 50-50, S.F. Fed report says
Money & CompanySan Francisco Federal Reserve Bank says recession possibility high in first half of next year.... -
City crews remove Occupy San Francisco tents, protesters
L.A. NOWSan Francisco city crews are removing an Occupy encampment near the city’s financial district Saturday afternoon, an area newspaper is reporting.... -
Economic inequality is growing, a Fed blog says
Money & CompanyA study published on a Federal Reserve Bank of New York blog says that higher- and lower-paying jobs are growing in this economy but not at middle wage.... -
Consumer confidence is up, survey finds
Money & CompanyConsumer confidence increased for the third consecutive month as Americans became slightly more optimistic about the economy and small gains in employment, according to a new survey released Wednesday. The Thomson Reuters / University of Michigan index of... -
Stocks plunge on concerns about new Fed program
Money & CompanyThe Dow Jones industrial average plunged more than 300 points in early trading as investors recoiled from the Federal Reserve's new effort to stimulate the economy and the central bank's statement that the economy may be in for a long...... -
Government: Ben Bernanke shows his independence
Opinion L.A.Ignoring calls from GOP leaders, presidential candidates and some conservative economists, the Federal Reserve Board of Governors announced that it would take another novel step to try to goose the economy....
Nov 2, 2011
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Nov 2, 2011
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Nov 23, 2011
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Sep 22, 2011
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Sep 21, 2011
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