| Jan 7, 2015
| 3:25 PM
President Harry Truman was once heard expressing an odd wish to meet a one-armed economist. Why? Because he tired of economists who provided explanations that included the terms "on one hand" and "on the other hand." He wanted simple, unequivocal answers,...
| Dec 9, 2014
| 2:00 PM
Oil resumed its slide on Wednesday and took the stock market down with it.
The catalyst for the latest sell-off in oil was an OPEC report that projected demand for its crude would sink next year to levels not seen in more than a decade. Demand for the...
| Dec 14, 2014
Federal Reserve policymakers meet Tuesday and Wednesday to discuss when to raise interest rates and how they will communicate those intentions without upsetting financial markets or the economic recovery. Unfortunately, the Fed is constrained by its own...
| Dec 12, 2014
| 1:20 PM
U.S. stocks sank, with the Standard & Poor’s 500 Index capping its biggest weekly drop in two-and-a-half years, as oil continued to slide and Chinese industrial data raised concern over a global economic slowdown.
The Dow Jones Industrial...
| Dec 15, 2014
| 7:20 AM
Factories heated up last month, helping fuel the biggest jump in overall industrial production in two years, the Federal Reserve said Monday.
Industrial production, which includes output from manufacturers, mines and utilities, increased 1.3% in...
| Dec 17, 2014
| 6:59 AM
Plunging gasoline costs led to the largest drop in consumer prices in six years last month and added another complication for Federal Reserve policymakers as they try to determine when to start raising interest rates.
The Consumer Price Index declined...
| Dec 17, 2014
| 11:15 AM
The Federal Reserve signaled Wednesday that its first interest rate hike in eight years is approaching as policymakers stopped indicating that short-term rates would remain near zero for “a considerable time.”
Instead, the Fed said in a...
| Dec 30, 2014
| 2:42 PM
It was easy to make money in stocks and bonds in 2014.
You merely had to ignore the predictions made early in the year about the strength of the U.S. economy, ignore the worries that erupted during the year about everything from Ebola to Europe's near...
| Dec 18, 2014
| 6:32 PM
Wall Street capped a worldwide rally in stocks as investors signaled their approval of the Federal Reserve's go-slow approach on raising its rock-bottom benchmark interest rate — even in the face of still-falling crude oil prices.
The Dow Jones...
| Dec 31, 2014
| 1:39 AM
Revelers ringing in of the new year this week need to watch out for the next day's hangover. And investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by nearly 50 percent. Headed into the last...
| Dec 19, 2014
| 6:14 AM
Federal regulators Friday designated MetLife Inc. for special oversight, saying the insurer is so big that its failure or other major problems would pose a threat to the U.S. financial system.
In a 9-1 vote, the Financial Stability Oversight Council --...