Apr 8, 2015

February U.S. consumer borrowing hits record high

Consumers increased their borrowing to a record high in February, driven by a large jump in auto and student loans. The Federal Reserve reported Tuesday that consumer borrowing expanded $15.5 billion in February following a $10.8 billion gain in January. The February increase pushed ...

Weak job data ease rate hike jitters, lift Wall Street

Apr 7, 2015

Weak job data ease rate hike jitters, lift Wall Street

U.S. stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday’s surprisingly weak jobs report. Labor Department data showed U.S. employers last month added 126,000 jobs, the lowest number in more ...

Yellen reiterates patience is still the watchword for the Fed

Feb 25, 2015

Yellen reiterates patience is still the watchword for the Fed

Federal Reserve Chairwoman Janet Yellen said Tuesday the U.S. economy is making steady progress, but that for now the Fed will remain patient about raising interest rates because the job market is still healing and inflation is too low. In her semiannual economic report ...

Jan 8, 2015

Fed looks past a world in turmoil, confident in U.S. recovery

U.S. central bankers have looked beyond a global deflation threat, fear of energy-sector bond defaults, and a surge of oil patch layoffs to reach what appears to be a firm conclusion: the U.S. recovery is here to stay. New trade data released on Wednesday ...

Nov 7, 2014

U.S. jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday’s upbeat data underscored the resilience of the economy and some analysts ...

Oct 29, 2014

U.S. Fed begins policy meeting, likely to end asset-buying stimulus

The U.S. Federal Reserve began its two-day policy meeting Tuesday with speculation that the central bank is likely to end the asset purchase stimulus on the back of the improvement in labor market. The Federal Open Market Committee, the Fed’s policy-setting panel, including Fed ...

Oct 9, 2014

Fed alarmed by sluggish Japan, Europe, September minutes show

Federal Reserve policymakers at a meeting last month expressed concern about slow growth in Japan and Europe, the minutes of the latest meeting showed Wednesday. “Some participants expressed concern that the persistent shortfall of economic growth and inflation in the euro area could lead ...

Sep 16, 2014

Speculation swirls over Fed language on rate hike

When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: “Considerable time.” The presence or absence of that phrase will trigger a rush to assess the likely timing of the ...

Wall St. retreats on Yellen's comments on valuations

Jul 16, 2014

Wall St. retreats on Yellen's comments on valuations

U.S. stocks fell on Tuesday after Federal Reserve Chairwoman Janet Yellen and her fellow Fed policymakers raised concerns about “substantially stretched valuations” in some sectors. In the monetary policy report accompanying her congressional testimony, Yellen said that “equity valuations of smaller firms as well ...