Major US stock indexes fell on Thursday, pressured as signs of further job weakness and a disappointing Fed regional survey fueled doubts about prospects for a quick economic rebound. The Dow Jones industrial average fell 1.7 percent to 8,283.06 while the S&P 500 lost 1.7 percent to 888.23 and …
By Alister Bull WASHINGTON, May 15 (Reuters) – US consumer prices are falling at the fastest pace in over 50 years but “core” prices appear to have stabilized, backing the Federal Reserve’s view that the risk of deflation is easing.
NEW YORK -(Dow Jones)- Stephen Friedman , who resigned as chairman of the New York Federal Reserve Bank amid concerns about his ties to Goldman Sachs Group Inc. (GS), said on Friday that he “followed the rules” regarding his overlapping roles at both …
By Allison Abell Schwartz and Cotten Timberlake May 7 (Bloomberg) — Wal-Mart Stores Inc. and Aeropostale Inc. reported April sales that exceeded some predictions as the Easter By Maya Jackson Randall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–US Federal Reserve Chairman Ben Bernanke said Thursday the current financial crisis proves that banking regulators must be [...]
By Mark Felsenthal WASHINGTON (Reuters) – Demand for prime mortgages rose in the first quarter for the first time since early 2007, even as banks tightened standards for home loans, the Federal Reserve said in a survey of loan officers released on …
By Alister Bull WASHINGTON (Reuters) – The US Federal Reserve on Friday threw the battered commercial property sector a lifeline by granting it access to an emergency program set up last year to unlock credit markets frozen by a global financial crisis …