Shares Close at Five-Year High
Stocks advanced on Wall Street on Friday, with the Standard Poor’s 500-stock index eclipsing its five-year closing high, after a jobs report showed American employers kept the pace of hiring steady in...
View ArticleBank of England Chief Joins Minority Favoring Asset Purchases
Minutes of the bank’s last meeting, released on Wednesday, also reveal the central bank is thinking about how to boost non-bank lending to the economy. The pound fell to an 8-month low as the bank...
View ArticleEconomix Blog: For Fed Presidents, Economics Is Local
The Federal Reserve’s dissenters often are portrayed as ideologically motivated. They are said to oppose the Fed’s stimulus campaign because they are more worried about inflation, or less worried about...
View ArticleFed to Maintain Stimulus Efforts Despite Jobs Growth
“We need to see sustained improvement,” the Fed’s chairman, Ben S. Bernanke, said at a news conference on Wednesday. “One or two months doesn’t cut it. So we’re just going to have to keep providing...
View ArticleFederal Reserve to Continue Stimulus Efforts
The Fed, which has struck a more balanced tone in recent weeks as strong growth during the winter months has been followed once again by a disappointing spring, emphasized that it was ready to increase...
View ArticleFed Stands By Stimulus, and Says It’s Open to More
The Fed emphasized that it was ready to increase or decrease its efforts to spur growth and reduce unemployment as necessary, a more balanced position than it took earlier in the year, reflecting the...
View ArticleShares Drop as Traders Try to Guess the Fed’s Next Move
The Federal Reserve guessing game threw the markets for another loop on Tuesday. Comments from a Fed official raised expectations that the Fed could start easing off its support for the economy soon,...
View ArticleMarkets Lose Their Momentum
Stocks on Wall Street closed lower on Tuesday, with early gains eroding. By the end of trading, markets were nearly flat or lower as both the Standard Poor’s 500-stock index and the Nasdaq composite...
View ArticleFed Meeting Ends With No Sign of New Direction
The Fed acknowledged the weak pace of growth during the first half of the year, describing the rate as “modest” rather than “moderate,” but maintained its forecast that “economic growth will pick up...
View ArticleNo Clarity From Fed on Stimulus, Upsetting Wall Street
The confusion over exactly when the Federal Reserve will begin scaling back its huge economic stimulus efforts only deepened Wednesday, with the release of a summary of the deliberations at the central...
View ArticleWall Street Slips Amid Fed Policy Jitters
Stocks on Wall Street slipped on Monday as upbeat economic data from Germany and China was countered by a Federal Reserve official’s remarks that the Fed could begin to scale back its stimulus measures...
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