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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 67-77
  • Bad weather held back January growth, 'beige book' says

    Bad weather held back January growth, 'beige book' says
    Severe weather held back economic growth in much of the nation from January through early February, a Federal Reserve survey shows. Even so, conditions strengthened in most U.S. regions, thanks to slight gains in areas such as employment and commercial...
  • Service sector growth tumbled to four-year low last month, ISM says

    Service sector growth tumbled to four-year low last month, ISM says
    Service sector growth unexpectedly tumbled last month to a four-year low, the Institute for Supply Management said Wednesday, in another sign that extreme weather has hurt the economic recovery this winter.  The firm's purchasing manager's index for...
  • Transcripts detail Fed's struggles amid 2008 financial crisis

    Transcripts detail Fed's struggles amid 2008 financial crisis
    WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead. What was clear to them as they gathered for a regularly scheduled...
  • Severe winter weather estimated to cost U.S. economy nearly $50 billion

    Severe winter weather estimated to cost U.S. economy nearly $50 billion
    The severe weather that has hit much of the country this winter has cost the economy nearly $50 billion in lost productivity and 76,000 jobs, according to a new survey. Snow, ice and bitter cold will shave about 0.3 percentage point from economic...
  • Freddie Mac: Mortgage rates edge higher; 30-year average is 4.28%

    Freddie Mac: Mortgage rates edge higher; 30-year average is 4.28%
    A five-week decline in fixed mortgage rates has ended, with Freddie Mac’s survey showing the 30-year home loan averaged 4.28% early this week, up from 4.23% a week ago. The 15-year fixed-rate mortgage was unchanged at an average of 3.33%,...
  • January retail sales fall short amid storms; J.C. Penney gets new CFO

    January retail sales fall short amid storms; J.C. Penney gets new CFO
    The winter economic blues continue. Retail sales unexpectedly fell 0.4% in January from December, the government said Thursday. That was the biggest drop in 18 months and the latest in a series of blah reports on the economy. Sales were “...
  • Departing Obama economic advisor remains optimistic about recovery

    Departing Obama economic advisor remains optimistic about recovery
    WASHINGTON -- Despite recent disappointing job growth, departing White House economic advisor Gene Sperling said Tuesday he remained hopeful the recovery is strengthening. “I still think there is reason for optimism, though there’s...
  • Lawmakers want Fed board to approve big bank enforcement actions

    Lawmakers want Fed board to approve big bank enforcement actions
    WASHINGTON -- Reflecting concerns that government settlements with big banks haven't been tough enough, two Democratic lawmakers want the Federal Reserve board to approve all major enforcement actions. Sen. Elizabeth Warren of Massachusetts and Rep....
  • Initial jobless claims increase to 339,000

    Initial jobless claims increase to 339,000
    WASHINGTON -- Initial jobless claims rose last week, but remained at a level consistent with moderate labor market growth amid mixed signals recently about the strength of the economic recovery. About 339,000 people applied for first-time unemployment...
  • Bank of England indicates rate hike isn't imminent

    Bank of England indicates rate hike isn't imminent
    The Bank of England sought Wednesday to assure markets and businesses it won't raise its key interest rate any time soon despite a faster-than-expected decline in Britain's jobless rate. The central bank previously said it would consider raising its...
  • Consumers more optimistic about rising wages, N.Y. Fed says

    Consumers more optimistic about rising wages, N.Y. Fed says
    WASHINGTON -- Consumers last month were more optimistic their wages would rise, and expected to spend more this year, according to survey results Monday from the Federal Reserve Bank of New York. Americans also expected inflation to slow somewhat to 3%...