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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 111-121
  • Fed policymakers weighed risks of interest rate hike, minutes show

    Fed policymakers weighed risks of interest rate hike, minutes show
    A decision on when to start raising the Federal Reserve’s benchmark interest rate remained elusive, even though policymakers spent much of their last meeting debating the timing of the hike. Many worried at the Federal Open Market Committee...
  • 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...
  • Consumer spending rose in January after adjusting for low gas prices

    Consumer spending rose in January after adjusting for low gas prices
    Consumer spending bounced back in January after taking into account sharply lower gas and energy prices, the Commerce Department said Monday. Overall spending actually fell for the second straight month, the first time that's happened since the Great...
  • University president tapped to head Philadelphia Fed

    The head of the University of Delaware has been selected to be the new president of the Federal Reserve Bank of Philadelphia. The bank's board of directors announced Monday that Patrick T. Harker, 56, will succeed Charles Plosser, who retired effective...
  • Investing-The pros and cons of cheap oil: Why the 55 percent plunge in oil prices is roiling markets worldwide

    Investing-The pros and cons of cheap oil: Why the 55 percent plunge in oil prices is roiling markets worldwide
    THE POSITIVES -- Buoyant consumers. With the price of a fill-up falling to its lowest level in 11 years, U.S. consumers will spend $750 less per household on gasoline this year than they did in 2014, the government estimates. That will spur consumer...
  • 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...
  • Slight gains push stocks to record highs

    Slight gains push stocks to record highs
    The Dow Jones industrial average and Standard & Poor's 500 index delivered new highs Tuesday, beating marks they set last week. The Nasdaq composite also built on its gains for the year, finishing higher for the 10th day in a row. The latest...
  • Stocks rally on Greece deal, Fed remarks ... but will good feelings last?

    Stocks rally on Greece deal, Fed remarks ... but will good feelings last?
    Another intermission in the Greek debt drama and pacifying words from Federal Reserve Chair Janet Yellen have lifted stocks once again to new record highs. Yet neither Greece nor the Fed is probably done unnerving investors for long. Stresses over...
  • Fed chief stresses flexibility on timing of interest rate hike

    Fed chief stresses flexibility on timing of interest rate hike
    Federal Reserve Chairwoman Janet L. Yellen greased the wheels for an eventual interest rate hike, but she made clear that she was keeping her options open on the timing of any such move. Appearing for the first time before the new Republican-...