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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 89-99
  • Bad weather causes big falloff in January factory production

    Bad weather causes big falloff in January factory production
    WASHINGTON -- Severe weather put a big freeze on factory production last month, causing output to fall the most since the Great Recession ended, the Federal Reserve said Friday. Manufacturing output fell 0.8% in January compared with the previous month,...
  • 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....
  • Bernanke joins Brookings think tank as Yellen takes over as Fed chair

    Bernanke joins Brookings think tank as Yellen takes over as Fed chair
    WASHINGTON -- Ben S. Bernanke, whose eight-year tenure as Federal Reserve chair ended Sunday, will join the Brookings Institution think tank as a distinguished fellow in residence. The news came Monday as his replacement, Janet L. Yellen, was sworn in...
  • Stocks continue slide after weak U.S. manufacturing report

    Stocks continue slide after weak U.S. manufacturing report
    NEW YORK -- First it was worries over China and other developing countries. Now investors have another reason to question the U.S. economy's growth.  The Dow Jones industrial average was down 224.64 points, or 1.4%, to 15,474.21 in mid-day trading in...
  • Treasury chief presses Congress to raise debt limit as deadline nears

    Treasury chief presses Congress to raise debt limit as deadline nears
    WASHINGTON -- Treasury Secretary Jacob J. Lew on Monday pressured Congress to raise the debt limit well before an end-of-the month deadline, warning that lawmakers risked derailing a potential "breakthrough year for our economy" if they don't act quickly....
  • Dow plunges 326 points in worst day of year

    Dow plunges 326 points in worst day of year
    NEW YORK -- Fresh doubts over the U.S. economic recovery pushed the stock market closer to a long-awaited correction as investors worried about global growth. The Dow Jones industrial average plummeted 326 points on Monday as the index of blue-chip...
  • Stocks dive on fresh growth worries

    Stocks dive on fresh growth worries
    NEW YORK — A stream of negative economic reports has revived fear about the health of the U.S. economy, causing stocks to suffer their worst day in seven months and adding to a 7% decline since mid-January. Stocks were pounded by discouraging data...