U.S. exports jumped more than 2 percent in May. But a surge in imports widened the country's trade deficit -- disappointing the effort to even out global trade flows.
The Federal Reserve this morning ordered credit card companies to cap late fees at $25 for one-time offenders starting in August in the final version of its regulations on credit card penalty fees.
When you think of a cheerleader personality, Ben Bernanke's cautious, monotone manner doesn't come to mind. Yet, for lack of others, the Fed chairman has emerged as the chief cheerleader for the struggling U.S. economic recovery. Even if he...
Image via WikipediaUPDATED at 2:45 p.m.: One of the sayings of aspiring Wall Street masters of the universe goes like this: "Fake it till you make it." It seems our Fed chairman may feel the same. The Fed waits years...
April 30, 2010; 2:45 PM ET |
Categories: Fed Reserve , The Ticker | Tags: Ben Bernanke, Federal Open Market Committee, Federal Reserve System, Monetary policy, Real estate bubble, Twitter, Unemployment, Wall Street
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Today, the Fed's Federal Open Market Committee said it would keep its short-term interest rate at historically low levels -- between zero and 0.25 percent -- for an "extended" period of time. But just how long is "extended"? And what...
March 16, 2010; 5:51 PM ET |
Categories: Fed Reserve , The Ticker | Tags: Federal Reserve, fed leaves interest rate unchanged, interest rates, mortgages
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The Federal Reserve said moments ago that its main interest rate, the fed funds rate, will remain at historically low levels between zero and 0.25 percent in order to keep what it admits is a soft recovery moving along. "While...