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Big banks, waited years for a rate hike, get pummeled
NEW YORK - With oddsmakers all but pulling a summer rate hike off the table after a terrible U.S. jobs report and a wash of other disheartening economic data, the nation's biggest banks took pummeling...
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In advance of Yellen speech, Brainard urges caution on rates
WASHINGTON - In a possible preview of a speech Federal Reserve Chair Janet Yellen will give Monday, a close ally said Friday that the Fed should be in no hurry to raise interest rates, especially after...
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Portrait of US economy looks cloudier after poor jobs report
WASHINGTON - An unexpectedly bleak May jobs report has suddenly muddied the outlook for the U.S. economy.
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US hiring grinds to a near-halt; many stop looking for work
WASHINGTON - U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy's health and complicating the Federal Reserve's efforts to raise interest rates.
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Lean times ahead? Mark Zandi
The economy has been full of surprises this year, starting with economic troubles in China that helped fueled two months of financial market turbulence and raised worries the U.S. economy could be...
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Yellen's view of economy: Solid but laced with uncertainties
WASHINGTON - Federal Reserve Chair Janet Yellen went out of her way Monday to stress that the U.S. economy appears fundamentally solid.
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US producer prices up 0.4 percent in May
WASHINGTON - Prices charged by U.S. producers rose at the fastest pace in four months, driven higher by the biggest monthly increase in energy prices in a year.
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The Latest: Yellen suggests July rate hike "not impossible"
WASHINGTON - The Latest on the U.S. Federal Reserve's monetary policy meeting, which ended at 2 p.m. with the release of a policy statement, followed by a news conference by Chair Janet Yellen (all...
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Leaving rates alone, Fed sees ultra-slow pace of hikes ahead
WASHINGTON - The Federal Reserve signaled Wednesday that it foresees an exceedingly slow pace of interest rate hikes ahead - and is in no hurry to resume them.
View ArticleFed: Economy improving in the St. Louis area
ST. LOUIS - A new report from the Federal Reserve Bank of St. Louis says the economy is improving in the St. Louis area.
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Yellen faces GOP criticism over weak economic growth
WASHINGTON - Federal Reserve Chair Janet Yellen came under fire Wednesday from House Republicans who charged that the central bank's policies to promote low interest rates have not boosted economic...
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Britain's leaving the EU. What should I do with my money?
As many people around the world are trying to wrap their minds around what just happened in Britain, you may also be wondering "What does the Brexit mean for my money?"
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US economy grew at slightly faster 1.1 percent in Q1
WASHINGTON - The U.S. economy grew slightly faster at the start of the year than previously estimated, even though consumer spending posted the smallest gain in two years.
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British chaos means interest rates will stay low for longer
FRANKFURT, Germany - Savers will suffer longer with zero returns on their accounts. Home buyers, companies and governments will keep on borrowing cheaply. And questions will grow further about whether...
View ArticleFed says strength in state's big cities masks rural weakness
OMAHA, Nebraska - Nebraska's overall economy may appear strong, but a Federal Reserve economist cautions that strong businesses in the state's biggest cities are masking weakness in rural areas.
View ArticleFed gives OK to 30 banks to up dividends, buy back shares
WASHINGTON - The Federal Reserve on Wednesday gave the green light to plans by major banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to...
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A week after British vote, markets take stock
NEW YORK - A week after Britain's shocking vote to leave the European Union, markets seem to have pushed the pause button.
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