House Republicans headed toward a vote Thursday on dismantling sweeping financial rules established under President Barack Obama that were designed to head off economic meltdowns like the one that caused millions of Americans to lose their jobs and homes during the Great Recession.
The Federal Reserve is keeping interest rates unchanged in light of an uncertain job market and offering no hints of when its next rate hike might occur. The Fed noted in a statement Wednesday after its latest policy meeting that the pace of job growth has slowed even as the overall economy has improved. The […]
The U.S. market is quiet for a third day in a row but mostly higher following a raft of generally positive economic reports. Investors are looking forward to the Federal Reserve’s comments on the state of the economy later in the day. Oil prices are rising on reports that major energy-producing nations will discuss curbing […]
The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.
WASHINGTON (AP) – The latest on the Federal Reserve’s decision to keep interest rates at historic near-zero lows (all times local): 4:50 p.m. The Federal Reserve might soon have another reason to put off an interest-rate hike: political turmoil in Washington. The government will partially shut down Oct. 1 unless Congress coughs up the money […]