Federal Reserve System
The Record and Herald News - Wed Dec 23, 2:11 am ETToday marks the 96th anniversary of the Federal Reserve System, the central bank of the United States.
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Today marks the 96th anniversary of the Federal Reserve System, the central bank of the United States.
Interest rates were little changed Wednesday as a surprisingly weak housing report halted a series of sharp drops in bond prices.
Americans are starting to spend a bit more money, but not enough to power a strong economic recovery.
This holiday season, the luxury car buyer is offering a simple phrase: I'm not spending too much.
As the recovering U.S. asset-backed market heads toward the new year, concerns remain that overregulation may deliver a setback to a full recovery.
The top Senate Democrat and Republican negotiating new Wall Street regulation said Wednesday they expect to resolve their differences before the end of January, an optimistic outlook for a bill that had seemed mired in partisan conflicts.
U.S. consumer spending rose in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales to a seven-month low was a reminder that the economic recovery would be bumpy.
Expecting a stash of gift cards for the holidays? Better use them wisely.
A sharp drop in the dollar pushed prices for gold, oil and other commodities higher Wednesday.
This year taught us to keep our wits about ourselves.
Dec. 23 (Bloomberg) -- The following table details how the Federal Reserve and other agencies of the U.S. government have lent, spent or guaranteed money on behalf of American taxpayers, according to data compiled by Bloomberg.
Sales of new homes plunged unexpectedly last month to the lowest level since April, a sign the housing market recovery will be rocky and heavily dependent on the generosity of Uncle Sam.
President Obama seems genuinely, if belatedly, upset about the way America's voracious bankers leveraged hundreds of billions in taxpayer bailouts to line their pockets with multibillion-dollar bonuses while American businesses starve for credit.
Dec. 23 (Bloomberg) -- Federal Reserve tests of tri-party reverse repurchase agreements have “gone extremely well,” according to the head of the industry group that works to improve trading in U.S. government securities.
The dollar dropped Wednesday as new data on home sales and consumer spending reinforced that the U.S. economy's recovery will be bumpy and slow.
Maura Shaughnessy, manager of the MFS Utilities fund, has bicycled across New Zealand and Italy and in the Grand Canyon, not to mention completing an annual 192-mile charity ride in Massachusetts 16 times.