Topic: U.S. National Economy
Fed's Dudley: Financial reform needs global scope
Reuters US Online Report Business News
WASHINGTON (Reuters) - A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday. "Although the raging crisis appears to be over, our work is not close to ...
Fed's Bullard: May see asset sales late 2010
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Federal Reserve could sell some assets later this year in an effort to whittle down its bloated balance sheet to avoid inflation, a senior Federal Reserve official said on Monday. The Fed's purchases last year of longer-term Treasuries and other debt, undertaken to help revive the ...
Jan retail sales seen to rise
Reuters US Online Report Business News
REUTERS FORECASTS: The median forecast for retail sales is for a rise of 0.3 percent after a 0.3 percent fall in December. Forecasts range from a drop of 1 percent to an increase of 0.8 percent. The median forecast for sales excluding autos is for an increase ...
Consumer credit down in Nov. for record 11th month
AP News
Consumer credit falls in November for record 11th month, as Americans pay down credit cardsAmericans borrowed less for an 11th consecutive month in December, paying off credit cards while increasing borrowing for cars and other products. The mixed picture raises hopes that Americans may soon return to spending, a necessary ...
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