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Federal Reserve

Federal Reserve
A collection of news and information related to Federal Reserve published by this site and its partners.

Top Federal Reserve Articles

Displaying items 12-22
  • Spring awakening: US consumer spending rose in March

    U.S. consumers boosted spending in March by the largest amount in four months, a hopeful sign that this key sector of the economy is reviving after a frigid winter. Consumer spending increased 0.4 percent in March, the strongest gain since a similar...
  • Average US rate on 30-year mortgage rises to 3.68 percent

    Average long-term U.S. mortgage rates rose slightly this week, but remain near historic lows with the spring home-buying season underway and showing strong sales. Mortgage giant Freddie Mac said Thursday that the national average for a 30-year fixed...
  • City National critics want 'bank to the stars' to 'cater to the poor'

    City National critics want 'bank to the stars' to 'cater to the poor'
    Demands by advocates for low- and moderate-income banking customers are complicating the approval of a second major acquisition this year — Royal Bank of Canada's proposed $5.4-billion takeover of City National Corp. in Los Angeles. Community...
  • U.S. wage growth shows signs of strength as hiring picks up

    U.S. wage growth shows signs of strength as hiring picks up
    Paychecks for U.S. workers are rising at a faster pace as strong hiring in the past year has lowered the unemployment rate and increased competition for workers. The employment cost index, which tracks wages, salaries and benefits, rose 2.6 percent in...
  • US wage growth shows signs of strength as hiring picks up

    Paychecks for U.S. workers are rising at a faster pace as strong hiring in the past year has lowered the unemployment rate and increased competition for workers. The employment cost index, which tracks wages, salaries and benefits, rose 2.6 percent in...
  • Noting slower economy, Fed appears no closer to a rate hike

    The Federal Reserve downgraded its view of the U.S. economy Wednesday after a winter in which growth nearly froze. The Fed offered no sign that a rate increase might be coming soon. On a day when the government estimated that the economy barely grew in...
  • Pope Francis says gender pay gap a 'pure scandal,' but all's not equal

    Pope Francis says gender pay gap a 'pure scandal,' but all's not equal
    Pope Francis on Wednesday called the gender pay gap a "pure scandal," urging equal pay for equal work among men and women at his weekly general audience in St. Peter's Square. As he opposes women becoming priests, equal work may be trickier. A former...
  • Noting slow economic growth, Fed keeps interest rate hike on hold

    Noting slow economic growth, Fed keeps interest rate hike on hold
    The economy suffered through another case of the wintertime blues this year as growth slowed nearly to a halt, probably delaying a Federal Reserve interest rate hike until September or later. Total economic output, also known as gross domestic product,...
  • Business Highlights

    ___ Why some trends sapping US growth may persist, others won't The U.S. economy nearly stopped growing in the January-March quarter, squeezed by a combination of factors that will either fade (a harsh winter) or persist (a stronger dollar). Growth was...
  • Text of the Federal Reserve's statement Wednesday

    Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in March suggests that economic growth slowed during the winter months, in part reflecting transitory...
  • Fed gives cautious reading on economy, holds main interest rate near zero

    Fed gives cautious reading on economy, holds main interest rate near zero
    The Federal Reserve on Wednesday broadly lowered its assessment of the U.S. economy and labor market, reinforcing the view that the central bank's first interest-rate hike in years will come later than previously thought. The Fed, in its statement after...