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Federal Reserve

Federal Reserve
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Top Federal Reserve Articles

Displaying items 67-77
  • Many Americans are still struggling financially

     Many Americans are still struggling financially
     Four in 10 U.S. households are straining financially five years after the Great Recession — many struggling with tight credit, soaring education debt and profound issues related to savings and retirement, according to a new Federal Reserve survey....
  • Millions to get break in new credit score calculation

    Millions to get break in new credit score calculation
    The formula for calculating the most widely used credit scores will soon change to lessen the impact of bad medical debts and ignore old unpaid debts of any type that are later paid off. Over time, the move is likely to raise some credit scores and...
  • July's job growth strong but below expectations

    July's job growth strong but below expectations
    The labor market extended its best streak since the late 1990s, posting solid job growth last month that lured more people back into the workforce. The 209,000 net new jobs were below analyst expectations and a sharp falloff from June's robust 298,000...
  • Economy, hiring up in July, but flat wage growth dampens cheer

    WASHINGTON July marked a sixth straight month with 200,000-plus jobs growth, the government said Friday, cementing the view of a firming U.S. economic recovery. Deeper within the numbers, however, was an explanation for why many Americans still don't feel...
  • High-yield junk bond funds worldwide post $4.4 billion outflows: BofA

    NEW YORK (Reuters) - Investors worldwide pulled $4.4 billion out of high-yield junk bond funds in the week ended July 30, marking a third straight week of big withdrawals from the funds, data from a Bank of America Merrill Lynch Global Research report...
  • Economy adds 209,000 new jobs in July

    Economy adds 209,000 new jobs in July
    Job growth in the United States continued at a solid pace in July, with the economy adding 209,000 new jobs, the Labor Department said Friday. Economists had expected an increase of about 230,000 jobs. The unemployment rate was 6.2 percent, up from...
  • Police: Gunman and victim in Loop shooting 'had been friends for years'

    Police: Gunman and victim in Loop shooting 'had been friends for years'
    Less than a week after Tony DeFrances learned that he was being demoted as part of a downsizing of his company, authorities said he walked into his boss’s office Thursday morning for a one-on-one. Apparently upset about his demotion, DeFrances,...
  • Fed should not let economy overheat, Fisher tells CNBC

    (Reuters) - It would be dangerous for the Federal Reserve to allow the economy to overheat in order to push unemployment down further and faster, a top Fed official said on Friday. "I don't buy that argument that we should for example run an...
  • Global markets untroubled by world's chaos

    The world feels especially scary lately. There has been mayhem in the Middle East, Russia seems on the verge of becoming a rogue state, violence in Central America is driving children to make the harrowing trek to the U.S. border, and much of Asia is...
  • Dow drop: Good news at home could be to blame

    Dow drop: Good news at home could be to blame
    Believers in Goldilocks took a bite full of economic and stock market news Thursday that was too hot to swallow. Lately, investors have been lulled by the Goldilocks principle — nothing too hot or too cold. The stock market has continued rising...
  • Fed's Fisher sees 'significantly' earlier rate hike

    (Reuters) - Stronger U.S. economic data on jobs and inflation have moved the Federal Reserve significantly closer to its first rate hike, making it "very possible" early next year, a top U.S. central bank official said on Friday. "It would seem to me,...