Economy News
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Decline in home prices ebbs, consumers gloomy
NEW YORK (Reuters) - The plunge in U.S. home prices showed signs of leveling off in April, but worries about unemployment pushed consumer confidence to a seven-month low in June.
Fed's Fisher: "fallow" demand capping price rises
ROUND ROCK, Texas (Reuters) - The recent rise in inflation is unlikely to continue because businesses will not be able to pass on higher costs to consumers, a top Federal Reserve official suggested on Tuesday.
Consumer spending breaks 10-month rising streak
WASHINGTON (Reuters) - Consumer spending failed to rise in May, breaking a string of 10 straight months of gains, as households struggled with rising prices and automakers could not deliver the models Americans wanted. | Video
Data points to underlying factory strength
WASHINGTON (Reuters) - New orders for U.S. manufactured goods and a gauge of business spending plans rose in May, easing fears of a sharp slowdown in factory activity. | Video
Geithner sees first-half U.S. growth around 2 percent
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner said first half U.S. growth will likely slow to about two percent because of high energy prices and shocks to the global economy, but the underlying trend is still improving.
Obama launches technology partnership to spur jobs
PITTSBURGH (Reuters) - President Barack Obama on Friday launched an initiative to develop new U.S. manufacturing jobs by teaming up government with companies and universities to invest more than $500 million in advanced technologies.
Fed's Kocherlakota says focused on core inflation
BIG SKY, Montana (Reuters) - Monetary policy decisions should be driven by the outlook for inflation rather than estimates of the "natural" rate of unemployment, a top Federal Reserve official suggested on Monday.
Fed balance sheet hits another record size
NEW YORK (Reuters) - The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.
Tax standoff blocks progress in debt talks
WASHINGTON (Reuters) - Democrats and Republicans on Tuesday showed no sign of resolving an impasse over taxes that has stalled budget negotiations and could threaten the country's top-notch credit rating.
Seasonally adjusted CP market rises in week: Fed
NEW YORK (Reuters) - The size of the U.S. commercial paper market rose in the latest week, signaling increased credit demand to fund payrolls and inventories, Federal Reserve data showed on Thursday.
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Give me liberty and give me cash!
Francis Fukuyama's controversial thesis that all states are moving inexorably towards liberal democracy gets some backing from a study by Russian investment bank Renaissance Capital into the link between economic wealth and democracy.
Is Meredith Whitney a ratings’ driver for CNBC?
It’s more than a little frustrating that CNBC continues to feature equity analyst Meredith Whitney as she talks about municipal bonds over and over. I’m not really sure she evens knows what she is talking about.
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