| May 28, 2014
| 6:25 AM
A top Federal Reserve official says he's "not in a rush" to start raising the central bank's rock-bottom interest rates despite his view that the economy is improving after a weather-related winter slowdown.
Dennis Lockhart, president of the Federal...
| Jun 17, 2014
| 6:39 AM
Inflation unexpectedly jumped last month as higher prices for food, energy and other items pushed the annual rate above the Federal Reserve's preferred 2% target, the Commerce Department said Tuesday.
The new data could lead central bank policymakers to...
| Jun 16, 2014
| 10:00 AM
The International Monetary Fund sharply lowered its U.S. growth projection for the year and issued a cautionary note to investors: Don't be too confident about interest rates.
Like others in the economic forecasting business, the IMF downgraded its U.S....
| May 13, 2014
| 5:16 PM
Traders may have made up to $256 million in illicit profit by getting early word of the Federal Reserve’s decisions to loosen or tighten the money supply, according to researchers at Singapore Management University.
The researchers cited “...
| Jun 12, 2014
| 12:31 PM
The Senate on Thursday confirmed Lael Brainard and Jerome H. Powell to serve on the Federal Reserve's board of governors, bringing it closer to full strength as the central bank pulls back on its extraordinary stimulus policies.
Senators also approved...
| Sep 19, 2013
| 7:25 AM
South Florida home prices and sales increased in August as the market continues to improve following the six-year downturn.
Broward County’s median price last month was $270,500, up 26 percent from a year ago, the Greater Fort Lauderdale...
| May 1, 2014
| 8:35 AM
Car sales in the U.S. hit their highest monthly level since the mid-2000s for the month of April, as retailers moved an estimated 1.4 million vehicles.
Those strong monthly numbers suggest car sales for the year could hit 16.5 million, up as much as 10%...
| Apr 24, 2014
| 8:06 AM
Heavy spending to repair more than 6 million vehicles in the first quarter triggered an 88% plunge in General Motors Co. earnings for the period, compared to a year earlier.
The nation’s largest automaker said it earned just $108 million, or 8...
| Jul 11, 2013
| 7:34 PM
Scott Greenberg could have handled a bigger car payment.
But with a baby on the way and the dealership offering a rock-bottom interest rate, Greenberg stretched the loan to 72 months — about as long as the average American keeps a new car. At 2....
| Apr 23, 2014
| 6:47 PM
Even though the recent financial crisis is barely in the rearview mirror, risk is starting to build once again in both the U.S. mortgage and housing markets.
Contrary to the prevailing view that only borrowers with pristine credit records can get a...
| Mar 17, 2014
| 2:46 PM
Via Jonathan Cohn and Kevin Drum, it transpires that the House GOP majority is crafting a new healthcare "reform" program to substitute for the Affordable Care Act. It should surprise no one that the new plan incorporates two provisions that have been...