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Wall Street was mixed after the US economy kicked into a higher-than-expected gear in the second-quarter while Federal Reserve policy makers reminded investors that the nation's jobs and housing markets remain weaker than desired. American gross
The following is the text of the Federal Open Market Committee decision announced Wednesday: Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter.
Regional currencies, including the peso, slid as investors waited for the respective policy decisions of the Federal Reserve and Bangko Sentral ng Pilipinas, while month-end requirements and safe-haven buying supported the dollar amid geopolitical
Shares Tweets The U.S. economy faces a key test Wednesday when the federal government releases its first estimate of economic growth for the second quarter of 2014...Commerce Department said the economy had shrunk 2.9 percent in the first three
The Federal Reserve's Federal Open Market Committee is set to announce the results of its latest two-day monetary policy meeting Wednesday afternoon at 2 pm ET. Treasury bonds and mortgage-backed securities. At its June meeting, the Fed signaled
Mixed corporate news and economic reports in the US has provided no direction for local stocks ahead of Tuesday's opening. US July consumer confidence, US May Case Shiller home prices; UK: Bank of England deputy governor speaks.
More than 20 IPOs are expected in a monster week for initial public offerings of stock, with investors anxious to get a feel for the demand for this new equity. Any drop in demand could spell trouble for stock markets that many feel are ready for a
ET on Wednesday, and there will be no press conference after this meeting. QE3 another $10 billion at the September meeting (Sept 17th), and announce the end of QE3 in October (Oct 29th)...For the most part, however, recent data have supported the
The facts on the Malaysia Airlines disaster Username July 18 at 8:41 AM Welcome to Wonkbook, Wonkblog's morning policy news primer by Puneet Kollipara ( @pkollipara ) ...Send comments, criticism or ideas to Wonkbook at Washpost dot com. To read more
The Federal Reserve's chairwoman, Janet L Yellen , said on Wednesday that it would be a "grave mistake" for Congress to adopt legislation proposed by House Republicans constraining the Fed's management of monetary policy. Yellen and Republican