| Jun 18, 2013
| 9:17 PM
For all the mixed messages from the Fed and the uncertainty that has roiled financial markets recently, one thing looks very clear: The era of declining interest rates is over.
After three decades in which borrowing costs for Americans have pretty...
| Jun 25, 2013
| 6:00 AM
Residential mortgage rates aren't just up from the bottom -- they have zoomed a full percentage point above recent record lows, reaching the mid-4% range.
The average rate for a 30-year fixed-rate home loan hit 4.63% on Monday, according to HSH...
| Sep 29, 2013
| 12:12 PM
In 1979, Tom Shea founded Florida’s first outplacement firm, which became one of the original units of Right Management. As CEO of Right’s Florida/Caribbean Region, he heads six offices statewide and in Puerto Rico. Now in over 50 countries,...
| Jun 28, 2013
| 7:15 AM
WASHINGTON -- The Federal Reserve doesn't have "unconditional optimism" about the economic recovery and won't pull back on stimulus efforts if conditions don't warrant it, a top central bank policymaker said Friday.
In prepared remarks to the Council on...
| Jul 23, 2013
| 6:37 AM
WASHINGTON -- Half of economists in a poll released Tuesday said they expected the Federal Reserve to start tapering its monthly bond-buying purchases in September.
The percentage was up from last month, when 44% of economists in the survey by Bloomberg...
| Jul 31, 2013
| 11:39 AM
WASHINGTON -- Federal Reserve policymakers voted Wednesday to hold steady on short-term interest rates and the central bank's bond-buying program, but indicated that they expected economic growth to pick up.
Following a two-day meeting, the Federal Open...
| Aug 1, 2013
WASHINGTON — Improving economic data is making the prospects more likely that the Federal Reserve will start tapering its massive bond buying next month, a move that suggests the recovery is on solid ground but that would be likely to roil Wall...
| Jul 31, 2013
| 3:40 PM
President Barack Obama has appointed Sarah Bloom Raskin, a former top Maryland financial regulator, as deputy secretary of the U.S. Treasury Department, the White House announced late Wednesday.
Raskin, 52, has served as a governor of the Federal...
| Aug 2, 2013
| 11:34 AM
WASHINGTON -- A top Federal Reserve official indicated Friday that he was not prepared to start reducing the central bank's bond-buying stimulus program soon, saying policymakers needed to see more economic data before making a decision.
| Aug 5, 2013
| 7:26 AM
WASHINGTON -- Critics of Lawrence H. Summers, one of the leading candidates to be the next Federal Reserve chairman, point to his reputation for being difficult to work with.
But a former Obama administration economic aide who worked for Summers at the...
| Aug 5, 2013
| 11:36 AM
WASHINGTON -- Federal Reserve policymakers must “gird our loins” to start tapering the central bank’s bond-buying program this fall after the drop in the unemployment rate to 7.4%, a top official said Monday.