| Sep 17, 2014
| 4:26 PM
Federal Reserve policymakers took the next-to-last step in ending their controversial bond-buying stimulus program as the economy continues to heal.
But they offered no new hints on how soon the Fed would once again hike interest rates — after...
| Sep 18, 2014
| 5:56 PM
For homeowners in Southern California, the housing recovery has been pretty kind. For renters, not so much.
New figures highlight the growing gap between owners and renters in the Southland: Many homeowners are capitalizing on low interest rates to push...
| Sep 17, 2014
| 7:36 AM
Consumer prices fell in August for the first time in 16 months as lower gasoline costs helped keep inflation tame, the Labor Department said Wednesday.
The report should ease pressure on Federal Reserve policymakers, meeting this week, to start...
| Jun 5, 2014
| 7:13 AM
In a bid to spur growth and avert the dangerous threat of deflation bedeviling the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below...
| 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...
| Mar 17, 2014
| 1:58 PM
Nearly 14 billion years ago, in a tiny fraction of a second after the Big Bang, the universe suddenly expanded from smaller than an atom to 100 trillion trillion times its original size, faster than the speed of light. This mysterious period, known as...
| Aug 7, 2013
| 10:12 AM
Wages in the private sector grew 2.2 percent in South Florida for the year that ended June 30 -- higher than the national average increase, the U.S. Bureau of Labor Statistics reported Tuesday.
Workers' pay and benefits, what the federal agency calls...
| Aug 9, 2013
| 2:57 PM
WASHINGTON -- President Obama praised both Lawrence H. Summers and Janet L. Yellen as "highly qualified" to be the next Federal Reserve chief, but said he had a "range of outstanding candidates" and reiterated that he would not make a decision until the...
| Oct 21, 2013
| 10:06 PM
When downtown voters agreed last winter to bring back the Los Angeles streetcar, the campaign pitch sounded simple: a $125-million trolley through the heart of the central city, with funding split between federal grants and a new property tax.
| Oct 29, 2013
| 6:49 AM
WASHINGTON -- Prices surprisingly dipped in September, the first decline since the spring, indicating that inflation remains well in check as Federal Reserve policymakers meet to consider if they should reduce a key central bank stimulus effort.
| Oct 30, 2013
| 8:22 AM
Monthly Social Security payments will rise 1.5% next year, bringing the average benefit amount to about $1,288 after an annual cost-of-living adjustment, the Social Security Administration announced Wednesday.
The 1.5% rise is the smallest increase...