Philadelphia Federal Reserve President Charles Plosser, an outspoken inflation hawk, said the Fed’s next interest rate move should be governed by data rather than a fixed date, referring to the Fed’s policy language that rates could stay low for “a considerable time.”
Read moreThe Federal Reserve scaled back its bond-buying stimulus program by another $10 billion as it saw signs the economy has thawed after this year’s severe winter weather.
Read moreInvestors are looking to the drop in November’s jobless rate to 7 percent, the lowest level in five years, as a predictor of the Federal Reserve’s behavior at its meeting Dec. 17 and 18. At the meeting, the Fed will decide whether or not to taper its bond-buying program.
Read moreThe Federal Reserve’s decision to keep interest rates at their super-low levels reflects its concern about the state of the economic recovery in general, especially the connected future of the housing and job markets.
Read moreFlickr.com/David C. Pearson BY MEGAN MOLLMANN – MEDILL NEWS SERVICE The stock market is making gains. Housing sales are showing signs of life. And the
Read moreBY JORDAN MELNICK — MEDILL NEWS SERVICE Here’s a variation on an old favorite: If an economy climbs out of
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