U.S. markets falter after volatile day of trading

Aug 25, 2015

U.S. markets falter after volatile day of trading

U.S. stock indexes plunged almost 4 percent on Monday as investors, rattled about China’s economy, sold heavily in an unusually volatile session that confirmed the benchmark S&P 500 was formally in a correction. The Dow Jones industrial average briefly slumped more than 1,000 points ...

Yellen signals Fed rate hike this year but mum on timing

Jun 18, 2015

Yellen signals Fed rate hike this year but mum on timing

The U.S. central bank indicated Wednesday it is likely to raise the ultralow interest rates later this year although its policy-setting panel gave no new words regarding exactly when it could take place. “Clearly most participants are anticipating that a rate increase this year ...

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 ...