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Central Bank

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  • Robust manufacturing output buoys U.S. economic outlook

    Robust manufacturing output buoys U.S. economic outlook
    WASHINGTON (Reuters) - U.S. manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter.
  • Behind the jargon at the IMF

    Given the chance to be a fly on the wall at any institution, few would choose the International Monetary Fund. As part of a series from the Writers in Residence nonprofit organization, novelist Geoff Dyer spent a fortnight on a U.S. aircraft carrier,...

    Consumer price growth slows as energy costs decline

    Consumer price growth slows as energy costs decline
    Consumer prices grew last month at their slowest pace since February, as lower energy costs offset higher price tags for food and shelter, the Labor Department said Tuesday. The Consumer Price Index, a closely watched measure of inflation, rose a...

    U.S. dollar bulls in control as delayed rally gathers pace

    NEW YORK (Reuters) - A long-predicted dollar rally appears at last to be taking hold, with the greenback ending July with its best monthly performance in 17 months and investors positioning for the first post-crisis U.S. interest rate increase. The...

    Fed stays course on policy but acknowledges rising inflation

    Despite the economic rebound and sharp drop in the unemployment rate recently, Federal Reserve officials still see considerable weakness in the labor market and remain very cautious about moving away from their easy-money policy. The Fed, in a statement...