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US factory output drops 0.4 percent in August
WASHINGTON — U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants that was due mainly to seasonal […]
US consumer borrowing jumps by most in 3 years
WASHINGTON — U.S. consumers stepped up their borrowing in July, led by rising auto loans and higher credit card balances. The Federal Reserve said Monday that overall consumer borrowing jumped […]
Regulators set rules meant to ward off bank crisis
WASHINGTON— Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood […]
Survey: Economists say Fed is on ‘the right track’
NEW YORK — A majority of economists believe the Federal Reserve is doing the right things to help repair the U.S. economy, according to a survey released Monday by the […]
Fed No. 2 Fischer says care needed to avert crisis
WASHINGTON — The Federal Reserve‘s new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. […]
US consumer borrowing rises at slower pace in May
WASHINGTON — Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of […]
Yellen says Fed seeks to avoid undue regulations
WASHINGTON — As the Federal Reserve works to ensure that the nation’s largest banks pose no undue threats to the financial system, it will avoid imposing unnecessary rules on small […]
Yellen to enter spotlight as new leader of Fed
WASHINGTON — Investors will be watching closely Wednesday for any hints of how a Janet Yellen-led Federal Reserve might differ from the path set by her predecessor, Ben Bernanke. The […]
Kitchens, master suites define luxury
Luxury homes, a property niche that was hit hard by the recession, is back in popularity with buyers. Following the recent recession, interest in large and expensive homes dropped dramatically […]
Congressman wants hearings on rental-backed securities
U.S. Rep. Mark Takano of California has asked the House Financial Services Committee to hold hearings examining the rise in investor owned rentals and the new rental-backed securities being created […]
Yellen sworn in as Fed chair, succeeding Bernanke
WASHINGTON — Janet Yellen officially took over the leadership of the Federal Reserve on Monday — and along with it a delicate task: Unwinding the Fed’s extraordinary economic stimulus without […]
Fed to reduce pace of bond buying by another $10B
WASHINGTON — The Federal Reserve is pushing ahead with a plan to shrink its bond-buying program because of a strengthening U.S. economy. It’s doing so even though the prospect of […]
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