The Federal Reserve appears to be edging closer to providing financial markets with more detail to gauge the likely path of monetary policy as a way to buttress a weak recovery.
The U.S. Federal Reserve held a wide-ranging debate on communications strategy at its most recent meeting, suggesting a shift in the way it frames policy may be its next step to buttress a weak recovery.
The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis.
The U.S. Department of Justice has launched a review of comments and actions banks and trade associations made when rolling out new consumer debit card fees, sparking antitrust concerns.
The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.
A top Federal Reserve official said on Monday that given recent improvements in the U.S. economy, any further central bank actions to boost growth should be through clearer communications about policy, rather than expanded bond buying.
A company run by former American International Group Inc Chief Executive Maurice Hank Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.
The Federal Reserve could provide more clarity to the public about where policy is likely to go and how it might respond to various conditions, a top Fed official said on Monday.
Since 1980, the wage gap in America has widened in a phenomenon known as “job polarization,” stated economists Jaison R. Abel and Richard Deitz of the New York Federal Reserve in a blog posting.
When Lehman Brothers Holdings Inc. collapsed in September 2008 and shattered the belief that U.S. money-market funds would never break the buck, Washington rushed to limit the damage.
A brutal year for global investors may get even worse next week should the U.S. Congress prove yet again it is too bitterly divided to deliver on its promise to cut the gaping federal budget deficit.
The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt crisis, hoping to stem a contagion that is spreading worldwide and threatening global growth.
The European Central Bank could soon bow to pressure to print money to prevent a further escalation of the euro zone's debt crisis, with respondents in a Reuters poll giving an even probability the ECB would adopt a policy of quantitative easing.
Prudent interventions by major central banks averted a global financial calamity during the financial crisis’ acute stage three years ago. Another intervention to address Europe may be needed, and should be implemented, if central bank officials deem it necessary.
Stock index futures were set to open little changed on Thursday as investors balanced another round of improved U.S. economic data with concerns over rising yields on Eurozone debt.
Stock index futures pointed to a steady-to-lower open on Wall Street on Thursday, with futures for the S&P 500 flat, Dow Jones futures down 0.04 percent and Nasdaq 100 futures down 0.15 percent at 1055 GMT.
San Francisco police raided part of the Occupy SF camp, removing 15 tents in front of Market Street and arresting 7 protesters on early Wednesday morning.
Gold prices fell for the third day in a row Wednesday as grim news from Europe offset mildly encouraging economic news from the U.S.
A gauge of manufacturing in New York state rose in November, ending five straight months of contraction, while the outlook for coming months strengthened, the New York Federal Reserve said in a report on Tuesday.
U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.
U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.
The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.
