Stocks edged higher in choppy trading on Friday as investors took the Federal Reserve's surprise increase in its discount rate as further evidence the financial system is strengthening.
Wall Street dipped on Friday after an unexpected increase in the Federal Reserve's discount rate signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.
Wall Street looked set for a lower open on Friday after an unexpected increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.
Stock index futures fell on Friday on a surprise increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.
Stock index futures dipped on Friday on a surprise announcement by the Federal Reserve that signaled to some investors that the central bank may be retreating from its easy money policy.
The Federal Reserve said on Thursday it was raising the interest rate it charges banks for emergency loans, citing improvement in financial market conditions.
Several Federal Reserve policy makers want to begin selling securities relatively soon to cut back the U.S. central bank's massive help to the financial system as the economy finds a footing, the Fed said on Wednesday.
The Federal Reserve should sell its U.S. mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
Several Federal Reserve policymakers want to begin selling securities relatively soon to cut back on the massive amount of cash they have poured into the financial system, the U.S. central bank said on Wednesday.
Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the central bank said on Wednesday.
Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the U.S. central bank said on Wednesday.
Growing mountains of U.S. government debt will increase pressure on Federal Reserve to hold interest rates low, making it harder to avoid inflation, a senior Fed official said on Tuesday.
The ballooning U.S. budget deficit and growing mountains of federal debt will increase pressures on the Fed to hold interest rates low and make it harder to avoid inflation, a senior Federal Reserve official said on Tuesday.
A gauge of manufacturing in New York state rose in February as inventories jumped, the New York Federal Reserve said in a report on Tuesday.
U.S. stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece's debt problems.
The stock market ended slightly down today ahead of tomorrow's all important European Union Economic Summit, when European leaders will meet and discuss the details of a Greece bailout.
Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so.
After trading mostly flat in the first 30 minutes of trading, U.S. stocks fell as Fed Chairman Ben Bernanke discussed his exit strategy. However, the stock market is still being cushioned by hopes of a Greece bailout.
The Federal Reserve could begin pulling back its unprecedented stimulus for the U.S. economy by first removing some cash from the financial system and then raising interest rates, Fed Chairman Ben Bernanke said on Wednesday.
The Federal Reserve could begin pulling back its unprecedented stimulus for the U.S. economy by first removing some cash from the financial system and then raising interest rates, Fed Chairman Ben Bernanke said on Wednesday.
