Small gains for US stocks as Fed keeps rates steadyNEW YORK - US stocks posted mild gains Wednesday as the Federal Reserve kept interest rates at their record low of close to 0 percent. Treasurys falter as Federal Reserve vows to keep interest rates low for ‘extended period’
Long-term Treasurys sell off after Fed decision Stocks give up gains in last hour, finish mixed after Fed meeting, credit card vote
Stocks give up gains in last hour, finish mixed Fed pledges to hold rates at record-low levels for ‘extended period,’ says economy picked up
Fed again pledges to hold rates at record-lows Trade group: service sector grew for 2nd straight month in Oct., but at slower pace than Sept.
ISM’s service sector index grows again in October Summary Box: Fed says economy is picking up; decides to slow down supportIMPROVING PICTURE: Federal Reserve policymakers upgraded their view of the economy, saying “economic activity has picked up.” Fed pushes $1.45 trillion housing market plan into 2010; mortgage rates expected to stay lowWASHINGTON — Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Treasurys move higher Fed indicates has no plans to raise key interest rate in near futureNEW YORK — Treasury prices rebounded Wednesday after the Federal Reserve board alleviated worries about inflation. Fed slows $1.45 trillion mortgage program; says economic activity ‘picked up’WASHINGTON — With the economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market. US Fed sees recovery as interest rates kept at 0 percentWASHINGTON - The US Federal Reserve kept interest rates at near 0 percent Wednesday and showed no signs of changing course as it said the US may be emerging from a 20-month recession. Fed sees economy ‘leveling out,’ slows government debt-buying programWASHINGTON — The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program and indicating the recession appears to be ending. Weaker dollar, more upbeat outlook on economy helps lift metals; grains up after USDA reportNEW YORK — A weaker dollar and a more upbeat outlook on the economy sent prices for gold, copper and other metals slightly higher. Treasurys fall as Fed plans to ease gov’t debt purchases, stocks soarNEW YORK — Long-term Treasurys fell Wednesday after the Federal Reserve said it would wind down its purchases of government debt and as a surge in stocks lured investors away from safe-haven assets. Stocks post sharp gains as Federal Reserve, slightly more upbeat, sees economy ‘leveling out’NEW YORK — A more upbeat Federal Reserve is reassuring investors that they’ve been making the right bets. Starwood Property Trust shares decline on 1st day of trading, IPO prices at $20 per shareNEW YORK — Shares of hotel magnate Barry Sternlicht’s Starwood Property Trust Inc. initially declined on their first day of trading Wednesday before closing unchanged, even as the broader markets edged up after the Federal Reserve left a key interest rate at a record low. Treasurys slide as unemployment rate slips unexpectedly, signaling strengthening economyNEW YORK — Investors no longer interested in a safe bet sold off Treasurys Friday after the government said the economy lost fewer jobs last month. Euro zone sees jobless rate at 10-year high, consumer prices fall in challenge for ECBBRUSSELS — The European Central Bank will have to be on the lookout that a dangerous spiral of falling prices and output does not establish itself in the 16 countries that use the euro after figures Friday showed consumer prices slipping more than expected and unemployment spiking to a ten-year high. Americans rate Fed worst among 9 agencies, despite its efforts to avoid financial catastropheWASHINGTON — The share of Americans who think the Federal Reserve is doing an excellent to good job has sunk even as chairman Ben Bernanke has taken unprecedented steps to try to prevent a financial catastrophe, according to a new poll released Monday. Euro rises to $1.4251 in morning trading; earnings mixed; Fed warns recovery will be gradualFRANKFURT — The euro rose against the dollar Thursday as U.S. companies reported mixed earnings, while the Federal Reserve cautioned the recovery will be gradual because of rising unemployment. On the whole, the news continued to drive investors from the safety of the dollar. Bernanke defends Fed’s ability to take on supercop role, unwind stimulus to prevent inflationWASHINGTON — Federal Reserve Chairman Ben Bernanke ran into skepticism Tuesday from lawmakers wary of expanding the Fed’s duties to police big financial companies. They argued that the Fed failed to spot problems that led to the financial crisis in the first place. Oil slips but holds above $60 in midday European trading on positive economic news from US FedVIENNA — Oil prices slipped but stayed well above $60 a barrel Thursday after a more positive economic outlook from the U.S. central bank buoyed investor confidence. Higher energy prices push wholesale inflation, retail sales up more than expected in JuneWASHINGTON — Higher energy prices rippled through the economy in June, helping drive bigger-than-expected gains in retail sales and inflation at the producer level. No. 2 Fed official faces tough questions over proposed systemic risk role for central bankWASHINGTON — With many lawmakers wary of giving the Federal Reserve more power under a proposed financial overhaul, the Fed’s No. 2 official on Thursday defended the central bank’s ability to take on more oversight responsibilities. Experts, lawmakers warn of mushrooming crisis in commercial real estateWASHINGTON — Owners of shopping malls, hotels and offices are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years, industry experts warned Thursday. Fed chairman Bernanke faces House committee over Bank of America-Merrill Lynch dealWASHINGTON — Federal Reserve Chairman Ben Bernanke likely will face hostile questions from a House committee investigating whether he and other government officials pressured Bank of America Corp. into a “shotgun wedding” with Merrill Lynch that cost taxpayers $20 billion. Asia markets gains as Fed says recession easing while inflation, interest rates to stay lowBANGKOK — Asian stock markets advanced Thursday after the U.S. Federal Reserve said the world’s largest economy is shrinking at a slower pace and scotched fears of an inflation threat, underpinning investor hopes for recovery. Democrats at odds with industry on proposed agency to police consumer financial marketWASHINGTON — Democrats are pressing the Obama administration to find a way out of the foreclosure crisis as they moved ahead with plans to create a government agency that would police the market for risky or deceptive mortgages. Metals finish slightly higher amid early weakness in dollar; some pullback after Fed meetingNEW YORK — Gold and other metals gave up some ground Wednesday after the Federal Reserve noted that inflationary pressures would likely remain in check. Manufacturing data show recession near bottom; drop in new home sales signals slow recoveryWASHINGTON — New signals the recession could be nearing a bottom emerged Wednesday in figures showing that orders to U.S. factories surged last month for everything from computers to aircraft and that a gauge of business investment rose by the most in nearly five years. Durable goods orders rise sharply for second straight month in May; new home sales disappointWASHINGTON — Orders to U.S. factories for manufactured goods from computers to aircraft surged in May for a second straight month. And a gauge of business investment rose last month by the most in nearly five years. Together, the data Wednesday signal that the recession could be at or near a bottom. |
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