FEDERAL RESERVE

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Fed hawks push for clearer policy goals

Two Federal Reserve policymakers known for their hawkish views on inflation pushed on Tuesday for the central bank to provide more guidance on policy goals.

U.S. Consumer Credit Rose $7.4 Billion in September

consumer credit
Americans borrowed more in September to purchase cars and cover college expenses. Consumer credit expended $7.4 billion in September, a 3.6 percent increase at an annualized rate, and a health turnaround from a revised $9.68 billion unexpected drop in August, according to a Federal Reserve report on Monday.
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Job candidates receive information as they enter a Jobs Fair in Miami

U.S. Job Growth Could Hint at Some Improvement

U.S. employment growth was likely too weak in October to pull down the nation's lofty jobless rate, though it may have been strong enough to suggest some economic momentum is building.
Traders work on the floor of the New York Stock Exchange

Futures Signal Higher Opening for U.S. Stocks

Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.
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Wall Street Cuts Gains on Greece Concerns

Stocks pared gains and the Nasdaq Composite hit a session low in afternoon trading on Wednesday after a source said the European Union and International Monetary Fund will not release an 8 billion euro payment to Greece until after its planned referendum.
Federal Reserve Chairman Ben Bernanke

Fed Lowers GDP Forecast, Holds Policy Steady

The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.
Chairman of the Federal Reserve Ben Bernanke

Fed to Hold Steady Despite Global Risks

The Federal Reserve looks set to take a breather from monetary stimulus measures on Wednesday, even if financial market turbulence heightens the chances of action later.

Loonie strengthens as markets await Fed

The Canadian dollar strengthened against its U.S. counterpart in early trade on Wednesday as global markets settled between hope and fear amid Greek debt developments and ahead of a Federal Reserve meeting.
Traders work on the floor of the New York Stock Exchange

Futures Edge up With Focus on Greece, Fed

Stock index futures edged higher on Wednesday, following two days of sharp market losses, with developments in Greece and a U.S. monetary policy meeting in focus.
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Small Business Borrowing Rises: PayNet

The growth of borrowing among small U.S. businesses moderated in September but the overall level still registered a 14th monthly double-digit increase in a fresh sign the economy is set to grow at a stable pace.
Gold bars

Gold Rises on Deepening Eurozone Crisis

Gold firmed on Wednesday, helped by safe-haven demand as the Eurozone troubles deepened and business surveys showed the severe impact the crisis had on manufacturing in the region.
Traders work on the floor of the New York Stock Exchange

U.S. Shares Seen up after Tuesday's Plunge

Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 1 percent.

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