| Oct 7, 2014
| 12:46 PM
The account by former Federal Reserve Chairman Ben Bernanke of how he couldn't refinance his Washington townhouse seemed the perfect example of mortgage lending standards that many complain are too tight.
Lending experts, though, said Bernanke's...
| Oct 6, 2014
| 12:15 PM
Janet L. Yellen made history this year when she became the first woman to lead the Federal Reserve, but most Americans apparently didn't notice.
Just 24% correctly identified her as the central bank's chair in results of a nationwide poll released...
| Oct 6, 2014
| 1:56 PM
U.S. stocks are closing slightly lower, giving up an early gain. Some encouraging corporate news failed to give the broader stock market a boost on Monday, and stocks edged lower as investors waited for news on the outlook for the Federal Reserve's...
| Oct 3, 2014
| 4:59 PM
Job growth rebounded strongly last month and the unemployment rate fell below 6% for the first time in more than six years, easing fears the labor market was faltering again and providing a boost to congressional Democrats before the midterm elections....
| Sep 4, 2014
| 9:45 AM
The European Central Bank, in a surprise move Thursday, cut its main interest rate to rock bottom and said it would buy certain securities and bonds in a bid to stimulate growth and combat increasing risks of deflation.
In addition to lowering its key...
| Sep 5, 2014
| 6:25 AM
U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.
Nonfarm payrolls increased 142,...
| Sep 5, 2014
| 5:28 PM
Terry Duffy came of age as a futures trader in the deafening roar of the trading pits where people in brightly colored jackets jostled and sometimes fought for prime spaces.
Brawn has since been replaced by those with the fastest Internet connections,...
| Aug 29, 2014
| 5:45 AM
U.S. consumer spending unexpectedly fell in July as savings rose to their highest level in more than 1-1/2 years, a sign that households remain cautious despite an acceleration in economic and jobs growth.
The Commerce Department said on Friday consumer...
| Aug 30, 2014
| 6:57 PM
Economists invoke "slack" when America's labor market fails to create enough jobs for those willing and able to take them. The result is an excess supply of labor.
That "labor market slack"? That "excess supply of labor"? We're talking about real...
| Aug 25, 2014
| 11:01 AM
The stock market hit a new milestone Monday.
Standard & Poor's 500 index rose above 2,000 for the first time as stocks climbed after news of corporate combinations and signals from central banks that easy-money policies won’t soon end.
| Sep 17, 2014
| 4:26 PM
Federal Reserve policymakers took the next-to-last step in ending their controversial bond-buying stimulus program as the economy continues to heal.
But they offered no new hints on how soon the Fed would once again hike interest rates — after...