WASHINGTON – Fed officials disagreed widely last month on when they might begin lifting interest rates from record lows. Minutes of the March 17-18 meeting released Wednesday reveal that several policymakers predicted a rate hike in June, while others concerned ...Read More »
Author Archives: Martin Crutsinger, AP Economics WriterFeed Subscription
WASHINGTON – Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn. The transcripts released Wednesday revealed ...
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WASHINGTON — Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn. The transcripts released Wednesday revealed ...Read More »
WASHINGTON — U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity. Construction spending fell 1.1 percent in January following a revised 0.8 percent increase in December, the Commerce ...
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WASHINGTON — The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the ...Read More »
WASHINGTON — Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors. Minutes of the Fed’s Jan. 27-28 meeting ...
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WASHINGTON — U.S. economic growth slowed in the final three months of 2014 as a big burst of consumer spending was offset by weakness in other areas. Gross domestic product grew at a 2.6 percent annualized rate in the October-December ...Read More »
WASHINGTON — Top financial regulators said Wednesday they believe changes should be made to the way big financial firms are chosen for stricter oversight. Members of the Financial Stability Oversight Council voiced support for changes recommended in a staff report ...Read More »
WASHINGTON — President Barack Obama has selected the former head of a community bank in Hawaii to fill a vacancy on the Federal Reserve Board. The White House said Tuesday that Obama will nominate Allan R. Landon, the former chief ...Read More »