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U.S. factories cranked out more autos, furniture and food last month, boosting production by the most since July.
Questions are growing over the financial health of banks, particularly in Europe and the U.S., as they face a toxic mix of low economic growth, bad loans and squeezed earnings.
Federal Reserve Chair Janet Yellen said the U.S. economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest rate hikes.
The Federal Reserve is keeping a key interest rate unchanged while pledging to closely monitor developments in the global economy and financial markets.
The latest on the Federal Reserve’s landmark two-day policy meeting which ends Wednesday. The central bank is expected to raise interest rates for the first time in nearly a decade. All times local.
Slow recovery despite low interest rates shows Fed’s limitations.
Federal Reserve Chair Janet Yellen said Wednesday that an interest rate hike in December is a “live possibility” if the economy stays on track. Yellen described the U.S. economy as “performing well” right now, with solid growth in domestic spending.
The Federal Reserve is keeping U.S. interest rates at record lows in the face of persistent threats from a weak international economy and excessively low inflation.
LONDON – Pent-up investor demand fueled a jump in Shanghai stocks after Chinese markets reopened Thursday following an extended holiday but other world bourses were lackluster ahead of the release of minutes from the U.S. Federal Reserve’s latest policy meeting.
Stocks are pushing further into record territory as the Dow Jones industrial average tops 18,000 points for the first time.
From our archives, 100 years ago Spokane police caused a scene of panic when they raided a Chinese and Japanese gambling house in Spokane’s Chinatown on Trent Avenue.
WASHINGTON — The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that’s improving but still isn’t fully healthy and help lift inflation from unusually low levels. As expected, it’s also ending a bond purchase program that was intended to keep long-term rates low.
WASHINGTON – A quarter of U.S. households say they’re “just getting by” financially, a survey by the Federal Reserve shows. The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and economic well-being. The survey of about 4,100 households was conducted Sept. 17 through Oct. 4.
WASHINGTON — The Federal Reserve says it will cut its monthly bond purchases by an additional $10 billion to $65 billion because of a strengthening U.S. economy. It's doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled global markets.
WASHINGTON -- The Federal Reserve on Wednesday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive a severe downturn on par with the 2008 financial crisis.
WASHINGTON – The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming out party today, partial government shutdown or not. The Federal Reserve, which has not been affected by the shutdown, will have armored trucks rolling from its regional banks around the country headed to banks, savings and loans and other financial institutions with the new C-notes.
NEW YORK — A Bangladeshi man who came to the United States to wage jihad was arrested in an elaborate FBI sting today after attempting to blow up a fake car bomb outside the Federal Reserve building in Manhattan, authorities said.
WASHINGTON — The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It’s holding off on taking any further steps to boost the recovery.
WASHINGTON — Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring and that the Federal Reserve’s existing policies will help boost growth.