| Nov 13, 2014
| 5:17 AM
A top Federal Reserve policymaker said Thursday the economy still isn't strong enough to handle an increase in interest rates, but he expressed hope that will change sometime next year.
William C. Dudley, president of the Federal Reserve Bank of New...
| Nov 4, 2014
| 5:53 PM
The European Union cut its economic growth forecasts for the region, saying rising geopolitical risks in Ukraine and the Middle East and a broader global slowdown have eroded business and consumer confidence since the spring.
The downgraded outlook,...
| 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...
| Aug 14, 2014
| 8:38 AM
The Eurozone's feeble recovery came to an outright halt in the second quarter, the latest in a batch of disappointing global economic indicators that have clouded the prospects for American growth.
Economic output in the 18-nation Euro area stalled in...
| Jul 22, 2014
| 7:27 AM
A big jump in how much Americans pay at the gas pump pushed consumer prices up 0.3% in June, but the overall inflation trend remained steady, the Labor Department said Tuesday.
The rise in the Consumer Price Index was less than the seasonally adjusted...
| Oct 5, 2014
RICHMOND — It's hard to wedge enough nuance into a conversation about the state budget.
After all, there are a lot of ways to slice nearly $48 billion in annual spending. Even a close reading of the 500-page budget leaves questions unanswered....
| Jul 30, 2014
| 12:53 PM
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...
| Sep 24, 2014
| 2:30 AM
Benjamin Franklin said, "An investment in knowledge pays the best interest." Unfortunately, all of the education in the world cannot help you avoid a truism of money management: No matter what you do, there is some element of risk involved. That's why...
| Oct 28, 2014
| 12:37 PM
Thanks to inflation, workers will be able to sock away more in retirement accounts next year and retirees will get a modest bump in Social Security benefits.
Also thanks to inflation, retirement is getting costlier.
So while you're congratulating...
| Oct 29, 2014
| 2:30 AM
Almost exactly six years ago, the Federal Reserve launched an unconventional program of buying bonds to rescue a faltering economy. Since then, the Fed's balance sheet has ballooned by $3.5 trillion, close to 25 percent on the nation's gross domestic...