Nov. 3, 2010 at 2:30 p.m.
Filed under:
Economy,
Government
By Gail MarksJarvis
MarksJarvis on Money | The Federal Reserve, as expected, announced Wednesday that it would continue to buy bonds and the government would print money to make this possible. It’s called “quantitative easing.” But the Fed did not go as far as was widely expected. Some had anticipated the Fed purchasing as much as $1 trillion. Here are some reactions:
– No change in assessment of current environment, dimensions of QE2 slightly light of expectations; with additional easing course in place, policy bias returns to balance.
Nov. 3, 2010 at 1:23 p.m.
Filed under:
Economy,
Government
By Reuters
Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year to breathe new life into a struggling U.S. economy.
The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. Get the full story »
Nov. 3, 2010 at 7:25 a.m.
Filed under:
Economy,
Jobs/employment
By Reuters
U.S. private employers added 43,000 jobs in October compared to a revised loss of 2,000 jobs in September, a report by a payrolls processor showed on Wednesday. The September figure was originally reported as a loss of 39,000. Get the full story »
Nov. 2, 2010 at 3:25 p.m.
Filed under:
Economy,
International,
Regulations
By Reuters
Top regulators from the United States and the European Union discussed reforms for futures and over-the-counter derivatives as they toured the world’s largest exchange on Tuesday and lunched with a group of Chicago futures traders and exchange executives. Get the full story »
Nov. 2, 2010 at 2:13 p.m.
Filed under:
Economy,
Retail
By Reuters
U.S. retailers are poised to report their weakest monthly sales gains in six months as as the warmest October weather in decades and a still-stumbling economic recovery crimped demand for fall merchandise.
Analysts expect same-store sales to have risen 1.6 percent in October, compared with a 1.8 percent increase last year, according to Thomson Reuters data. Get the full story »
Nov. 2, 2010 at 11:08 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
The U.S. Federal Reserve opens a two-day meeting on Tuesday that is expected to conclude with a decision to pump hundreds of billions of dollars into the economy to stir the tepid recovery out of its doldrums. Get the full story »
Nov. 2, 2010 at 9:48 a.m.
Filed under:
Economy,
Housing,
Real estate
By Associated Press
(AP Photo/Paul Sakuma)
The nation’s homeownership rate is at the lowest level in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That’s the same as the April-June quarter.
The last time the rate was lower was in 1999, when the rate was 66.7 percent. Get the full story »
Nov. 1, 2010 at 3:33 p.m.
Filed under:
Economy,
Policy,
Politics,
Small business
By Reuters
Small U.S. businesses stepped up borrowing in September, data released by PayNet Inc on Monday showed, suggesting the recovery is gaining steam even before the Federal Reserve Bank embarks on an expected new round of monetary stimulus.
The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses, rose 16 percent in September from a year earlier, PayNet said. The index rose 15 percent in August, and is now at the highest level in almost two years. Get the full story »
Nov. 1, 2010 at 11:45 a.m.
Filed under:
Banking,
Economy
By Reuters
The U.S. Treasury said on Monday that bailed-out insurer American International Group will draw up to $22 billion in Treasury funds to facilitate its restructuring and prepare for an eventual government exit. Get the full story »
Nov. 1, 2010 at 10:14 a.m.
Filed under:
Economy
By Reuters
Slower-paced economic growth is in store for nine U.S. Midwest and South-Central states, according to a survey of supply managers on Monday.
Creighton University’s Business Conditions Index fell to 52.3 in October from 56.3 in September. A reading of 50 is considered growth neutral, while a reading above that signals expansion over the next three to six months. Get the full story »
Nov. 1, 2010 at 9:39 a.m.
Filed under:
Construction,
Economy
By Reuters
U.S. construction spending rose unexpectedly in September as investment in public projects touched the highest level in more than a year, a government report showed on Monday. Get the full story »
Oct. 29, 2010 at 2:20 p.m.
Filed under:
Economy
By Reuters
Oil prices fell on Friday after data showing tepid U.S. economic growth in the third quarter left investors cautious ahead of expected monetary easing from the U.S. Federal Reserve. Get the full story »
Oct. 29, 2010 at 12:38 p.m.
Filed under:
Economy,
Jobs/employment
By Reuters
Business activity in the U.S. Midwest grew more than expected this month, a report showed on Friday.
The Institute for Supply Management-Chicago business barometer unexpectedly rose to 60.6 in October. The reading was 60.4 in September, and economists had forecast an October reading of 58.0. Get the full story »
Oct. 29, 2010 at 8:38 a.m.
Filed under:
Economy,
Regulations
By Reuters
The head of Nasdaq OMX Group Inc said on Friday he does not expect any new obligations or privileges for U.S. “market-makers” until 2012 at the earliest, calling any regulatory change “a slippery slope.” Get the full story »
Oct. 29, 2010 at 8:22 a.m.
Filed under:
Economy,
Policy,
Politics
By Don Lee | The U.S. economy continued to plod along at sluggish pace in the third quarter, not enough to generate momentum or bring down the nation’s high jobless rate. The nation’s gross domestic product, or the value of all goods and services produced inside U.S. borders, grew at an annualized rate of 2 percent in the July-to-September quarter, the Commerce Department said Friday.
