National Economy

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Aware of policy risks, Fed sees firmer growth

Reuters US Online Report Business News 15 hours ago

WASHINGTON (Reuters) - Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed. Senior Fed officials, meeting on November 3-4, also expressed concern ...

Bank of England reveals huge secret loans to RBS, HBOS

AFP Global Edition 16 hours ago

The Bank of England admitted Tuesday it lent a total of 61.6 billion pounds to Royal Bank of Scotland and HBOS in secret during last year's financial crisis, adding that the cash had been repaid. The British central bank revealed the loans, ...

US third quarter growth revised down to 2.8 percent

AFP Global Edition 16 hours ago

The US economic rebound in the third quarter was weaker than initially estimated, the Commerce Department said Tuesday in cutting its estimate to a 2.8 percent annual pace of expansion. The gross domestic product (GDP) figure was revised down from last month's ...

Safe-haven dollar mixed on reports, Fed minutes

AP News 16 hours ago

Safe-haven dollar mixed on economic reports as Fed says inflation is under control The dollar was mixed Tuesday as economic reports signaled a modest rebound, while the Federal Reserve said it could take "five or six years" for a recovery and inflation ...

Fed: super-low rates could fuel speculative bubble

AP News 16 hours ago

Fed: record-low rates designed to keep economic recovery going could feed speculative bubble The Federal Reserve doesn't expect the recovery will be strong enough to quickly drive down the jobless rate, and acknowledged its efforts to keep the rebound going could feed ...

U.S. third-quarter economic growth revised down

Reuters US Online Report Top News 16 hours ago

WASHINGTON (Reuters) - The U.S. economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signaled the anemic recovery was intact. In its second ...

Fed lifts 2010 growth outlook, sees unemployment easing

AFP Global Edition 17 hours ago

The Federal Reserve on Tuesday raised its outlook for US economic growth in 2010 to a range of 2.5 to 3.5 percent, and said the troubles in unemployment appeared to be near a peak. In a new forecast accompanying minutes from the ...

Fed Economy

AP News 17 hours ago

FILE - In this May 24, 2008 file photo, the headquarters of the Federal Reserve Bank is seen at sunrise in Washington. The Federal Reserve says the unfolding recovery will probably be gradual, as modest growth keeps the nation's unemployment rate elevated ...

US third quarter growth revised down to 2.8%

AFP American Edition 18 hours ago

US economic growth in the third quarter was slower than initially estimated, the Commerce Department said Tuesday, cutting its estimate to a 2.8 percent annual pace of expansion. The gross domestic product (GDP) figure was revised down from last month's estimate of ...

Oil Prices

AP News 18 hours ago

FILE - In this Sept. 19, 2007 file photo, an oil pump is seen at dusk in Sakhir, Bahrain. Oil prices fell below $76 a barrel Tuesday, Nov. 24, 2009, with new data showing a slow U.S. economic recovery and consumer confidence ...

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