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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 100-110
  • Fed 'beige book' survey finds U.S. economy growing at moderate pace

    The U.S. economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions, the Federal Reserve reported Wednesday. The Fed said that six of its 12 regions had reported moderate growth...
  • U.S. fourth-quarter economic growth is revised down to 2.2%

    U.S. fourth-quarter economic growth is revised down to 2.2%
    The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the gross...
  • Consumer prices plunge 0.7% on cheaper gas costs

    Consumer prices plunge 0.7% on cheaper gas costs
    A plunge in gas prices last month lowered consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose. The Labor Department said Thursday that the consumer price index fell 0.7% in January, the sharpest drop...
  • CIT Group, OneWest Bank say merger would be good for poor neighborhoods

    CIT Group, OneWest Bank say merger would be good for poor neighborhoods
    The chief executives of New York commercial lender CIT Group and Pasadena's OneWest Bank promised Thursday that the planned OneWest buyout would be good for poor neighborhoods, while critics said the $3.4-billion combination would create a "too big to...
  • Consumer prices plunge 0.7 percent on cheaper gas costs

    Consumer prices plunge 0.7 percent on cheaper gas costs
    WASHINGTON (AP) — A plunge in gas prices last month lowered consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose. The Labor Department said Thursday that the consumer price index fell 0.7...
  • Markets subdued ahead of Yellen's second testimony

    Markets subdued ahead of Yellen's second testimony
    U.S. financial markets eased back from record highs in early trading Wednesday. Investors were monitoring corporate earnings from Lowe's, Target and several other companies. Federal Reserve Chair Janet Yellen was scheduled to deliver another round of...
  • Stock market ends mostly lower after release of Fed minutes

    Stock market ends mostly lower after release of Fed minutes
    The U.S. stock market edged mostly lower on Wednesday, easing back from its latest all-time highs. The markets barely budged following the midafternoon release of minutes from the Federal Reserve's January meeting. The transcript showed that...
  • Public hearing planned on proposed sale of OneWest Bank to CIT Group

    Public hearing planned on proposed sale of OneWest Bank to CIT Group
    Rejecting an unusual email campaign fomented by a top bank officer, regulators decided to hold a public hearing later this month in Los Angeles on the planned $3.4-billion takeover of OneWest Bank in Pasadena. The decision, announced Friday, came one...
  • Stocks open lower ahead of Fed minutes; energy shares drop

    Stocks open lower ahead of Fed minutes; energy shares drop
    Stocks opened lower on Wednesday, pulling back from record levels. Declines were led by energy stocks, as the price of oil fell on speculation that a recent rally in the crude was excessive. Later, traders will also comb through the minutes of the...
  • Fed officials stress patience in rate hike talks

    Fed officials stress patience in rate hike talks
    Federal Reserve policymakers do not appear ready to start raising interest rates anytime soon, with officials expressing concerns about inflation and lingering weakness in the labor market. Minutes of the Fed's Jan. 27-28 meeting released Wednesday show...
  • U.S. gains 257,000 job; unemployment rate ticks up

    U.S. gains 257,000 job; unemployment rate ticks up
    U.S. employers hired at a stellar pace last month, wages rose by the most in six years, and Americans responded by streaming into the job market to find work. The Labor Department said Friday that the economy gained a seasonally adjusted 257,000 jobs in...