| Fed's Lockhart: premature to consider rate hikes "I would not speculate on the timing. I would simply say that it is too early to be contemplating a rise in the fed funds target," Federal Reserve Bank of Atlanta President Dennis Lockhart to ...[more] |
| Fed's Lockhart: too soon to contemplate rate hike "It is too early to be contemplating a rise in the fed funds target," Lockhart told reporters after a speech here, referring to the central bank's overnight lending benchmark, which is curren ...[more] |
| INSTANT VIEW: Another big jump for sales of new homes KEY POINTS: * The Commerce Department said sales rose 9.6 percent to a 433,000 annual pace, the highest in ten months, from an upwardly revised 395,000 in June. That was the biggest m ...[more] |
| Fed's Fisher sees slow, sluggish recovery: report "We're beginning to see indicators that we're coming out of this," he said in an interview with the Dallas Morning News. "I think it will be a while before businesses rehire or increa ...[more] |
| New home sales rise faster in July The Commerce Department said sales rose 9.6 percent to a 433,000 annual pace, the highest in ten months, from an upwardly revised 395,000 in June. That was the biggest monthly percentage gain ...[more] |
| Durable goods orders surge in July on aircraft Durable goods orders jumped 4.9 percent, the largest advance since July 2007, after falling 1.3 percent in June, the Commerce Department said. That was well above markets expectations for a 3 ...[more] |
| INSTANT VIEW: Durable goods up; ex-transports less rosy KEY POINTS: * Durable goods orders jumped 4.9 percent, the largest advance since July 2007, after falling by a revised 1.3 percent in June, previously reported as a 2.2 percent drop, the Comm ...[more] |
| U.S. housing, confidence data point to recovery U.S. single-family home prices rose for the second month in a row in June, according to a closely watched index, and consumer confidence jumped in August. In addition, President Barac ...[more] |
| Mortgage applications rise as refinancing demand jumps Applications for loans to buy a home, an early indicator of sales, rose slightly, but nevertheless gained for a fourth consecutive week. The trend bodes well for the hard-hit U.S. housing mar ...[more] |
| Obama renominates Bernanke as Fed chief The decision, while widely expected, was welcomed by financial markets and policy makers around the globe. Economists said it removed uncertainty at a delicate juncture in the economy's recov ...[more] |
| Economy shrinks less, jobless claims fall Gross domestic product fell at a 1.0 percent annual rate, unchanged from an estimate last month, the Commerce Department said on Thursday. Economists had expected a steeper 1.5 percent drop a ...[more] |
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