US Fed survey notes uneasy economic recovery
Washington - The United States is recovering slowly from a deep recession and many sectors of the economy have yet to show clear signs of improvement, according to a regional survey by the Federal Reserve Wednesday. Most parts of the country said the...
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Small gains for US stocks as Fed keeps rates steady
New York - US stocks posted mild gains Wednesday as the Federal Reserve kept interest rates at their record low of close to 0 per cent. The central bank signalled it would continue to keep its benchmark federal funds rate at 0-0.25 per cent for an e...
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US Fed on the way to improving regulation, cutting bonuses
Washington - Federal Reserve Chairman Ben Bernanke said Friday the US central bank is taking steps to improve regulation of banks that sparked the financial crisis, but it was critical for lawmakers to further close gaps in federal oversight. The Fed...
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Bernanke: Global imbalances could return if Asia, US don't act
Washington - The global imbalances that sparked the devastating financial crisis last year could return if the United States and Asia don't learn the right lessons, US Federal Reserve Chairman Ben Bernanke said Monday. The US central bank chief said ...
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US stocks surge on retail sales, GM, Bernanke comments
New York - US stocks rose Monday to 13-month highs after reports of improving retail sales, a better-than-expected General Motors quarterly report and Federal Reserve Chairman Ben Bernanke's hopes for growth in 2010. Retail sales climbed 1.4 per cent...
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