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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 56-66
  • Initial jobless claims fall to 315,000, lowest level since November

    Initial jobless claims fall to 315,000, lowest level since November
    WASHINGTON -- Initial jobless claims unexpectedly fell last week to 315,000, the lowest level since November, as the labor market showed signs of emerging from a winter chill. The number of first-time claims for unemployment benefits was down from 324,...
  • Federal Reserve nominee Stanley Fischer defends Citigroup tenure

    Federal Reserve nominee Stanley Fischer defends Citigroup tenure
    WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on...
  • Freddie Mac: Mortgage rates on 30-year loan rise from 4.28% to 4.37%

    Freddie Mac: Mortgage rates on 30-year loan rise from 4.28% to 4.37%
    Mortgage rates edged higher early this week, with Freddie Mac’s survey showing lenders offering 30-year fixed-rate loans to solid borrowers at 4.37%, up from 4.28% a week earlier. The average rate for a 15-year fixed home loan rose from 3.32% to...
  • Poll: Most in U.S. support higher minimum wage, unless it costs jobs

    Poll: Most in U.S. support higher minimum wage, unless it costs jobs
    WASHINGTON — Most Americans support increasing the federal minimum wage, a top priority of President Obama, but not if it would cost the economy jobs, according to a new national poll. About 69% of respondents in the Bloomberg National Poll said...
  • Key senators agree on plan to replace Fannie Mae, Freddie Mac

    Key senators agree on plan to replace Fannie Mae, Freddie Mac
    WASHINGTON -- Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward Tuesday as key senators announced bipartisan agreement on a plan to overhaul the housing finance system. The proposal, which will be...
  • Fed official says weak data caused by weather, should not slow taper

    Fed official says weak data caused by weather, should not slow taper
    Bad weather is largely responsible for some recent weak economic data and should not lead the Federal Reserve to stop reducing a key stimulus program, a top central bank official said Monday. Instead, with economic growth still forecast to pick up...
  • Economy adds 175,000 jobs in February; unemployment rate up to 6.7%

    Economy adds 175,000 jobs in February; unemployment rate up to 6.7%
    WASHINGTON -- The economy added 175,000 net new jobs last month, a surprisingly robust figure given the bad winter weather, the Labor Department said Friday. Despite the increase -- the largest in three months -- the unemployment rate ticked up 0.1...
  • February weather cost workers hours, but didn't cost the U.S. jobs

    February weather cost workers hours, but didn't cost the U.S. jobs
    WASHINGTON -- The weather was unusually bad in much of the country last month, so why was Friday's government jobs report surprisingly good? The economy added 175,000 net new jobs in February, up from a revised 129,000 the previous month. The figure...
  • Freddie Mac: Mortgage rates down; 30-year fixed averaging 4.28%

    Freddie Mac: Mortgage rates down; 30-year fixed averaging 4.28%
    The cost of a home loan dropped early this week on less than robust news about the economy and housing, with Freddie Mac reporting that the average interest rate for a 30-year fixed mortgage was 4.28%, down from 4.37% a week earlier.  The average for...
  • Factory orders down again in January, but rate of decline lessened

    Factory orders down again in January, but rate of decline lessened
    WASHINGTON -- Factory orders fell again in January, but the rate of decline lessened after a steeper-than-initially-estimated drop the previous month, the Commerce Department said Thursday. New orders for manufactured goods, a key indicator of future...
  • Weekly jobless claims drop sharply to 323,000 as layoffs ease

    Weekly jobless claims drop sharply to 323,000 as layoffs ease
    WASHINGTON -- Initial jobless claims fell sharply last week to their lowest level in three months, the Labor Department said Thursday, as a private report showed layoffs eased in February. About 323,000 people filed for first-time unemployment...