Topic: U.S. Federal Reserve
Summary Box: Consumer prices flat in February
AP News
Summary Box: Consumer prices flat in January as weak economy keeps inflation in checkCOST OF LIVING FLAT: The price of clothing, shelter and other goods was unchanged last month, the government said, as a drop in energy prices offset a rise in food costs. NO INFLATION: The report shows that ...
Fed's emergency loans decline in past week
AP News
Banks reduce their borrowing by average of $2.24 billion from Fed's emergency loan programBanks borrowed less from the Federal Reserve's emergency lending program over the past week in a further sign that the strains from the financial crisis are fading. The Fed reported Thursday that daily borrowing ...
Data points to modest recovery, muted inflation
Reuters US Online Report Top News
WASHINGTON (Reuters) - Labor market and consumer prices data on Thursday showed the U.S. economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve's vow to keep benchmark interest rates ultra-low for some time. Initial claims for state unemployment benefits fell 5 ...
Greenspan says Fed did not fuel the housing bubble
Reuters US Online Report Business News
NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan, whose legacy has been tarnished by the global financial crisis, on Thursday laid out a scholarly defense of why Fed policy did not fuel the housing bubble. Greenspan did offer somewhat of a mea culpa, though, noting that the regulatory system ...
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