Economy Still Growing in Most Parts of U.S., Fed 'Beige Book' Shows

Economy Still Growing in Most Parts of U.S., Fed 'Beige Book' Shows

The Federal Reserve's Beige Book for March showed that economic activity continues to expand in 10 of 12 Federal Reserve regions, with the exception of the Philadelphia and St. Louis regions.

Rapid Growth in Junk Bonds and Loans Poses Risks, Dallas Fed Chief Says

Rapid Growth in Junk Bonds and Loans Poses Risks, Dallas Fed Chief Says

A rapid increase over the past decade in the amount of debt taken out by corporations could aggravate the severity of an economic downturn, according to Robert Kaplan, president of the Federal Reserve Bank of Dallas.

Federal Reserve May Need `Several Meetings' to Assess Health of Economy

Federal Reserve May Need `Several Meetings' to Assess Health of Economy

Eric Rosengren, president of the Federal Reserve Bank of Boston, says financial markets continue to 'price in downside risks to the economy.'

Stock Market vs. Bond Market: Is One Right and the Other Wrong?

Stock Market vs. Bond Market: Is One Right and the Other Wrong?

Let's take a look at what each market is telling us.

Fed to Reconsider Balance Sheet Plan After Market Swoon, Powell Says

Fed to Reconsider Balance Sheet Plan After Market Swoon, Powell Says

In his semiannual testimony before the U.S. Senate, Federal Reserve Chairman Jerome Powell reiterates plans to reconsider the central bank's years-long effort to shrink its $4 trillion balance sheet, given recent 'crosscurrents' in markets and the global economy.

Fed Considers Letting Inflation Run Hot, Vice Chair Clarida Says

Fed Considers Letting Inflation Run Hot, Vice Chair Clarida Says

Federal Reserve Vice Chairman Richard Clarida tells a monetary-policy conference in New York that the central bank is considering whether to let inflation run above its 2% target to compensate for past periods of muted price increases.

As Trump Economy Slows, New Data Show Lagging Business Confidence

As Trump Economy Slows, New Data Show Lagging Business Confidence

The Census Bureau reports that new orders for manufactured durable goods orders increased by 1.2% in December, below economists' average forecast for a 1.7% increase.

FOMC Minutes: Fed Says It'll Be 'Patient' in Raising Rates

FOMC Minutes: Fed Says It'll Be 'Patient' in Raising Rates

Minutes from the Fed's January meeting also show the Federal Open Market Committee discussed terminating or modifying a plan to reduce the central bank's roughly $4 trillion balance sheet.

Consumers Remain Confident as Economists Fret Over Quality of U.S. Data

Consumers Remain Confident as Economists Fret Over Quality of U.S. Data

The University of Michigan's index of consumer sentiment rises to a reading of 95.5 in February from 91.2 the prior month, contrasting with a separate report earlier this week from the Census Bureau that showed retail sales fell in December by the most in nine years.

Gadfly Bove Quits Bank Stock Picking Because He Thinks Banks Are Going Down

Gadfly Bove Quits Bank Stock Picking Because He Thinks Banks Are Going Down

The five-decade Wall Street analyst Dick Bove just couldn't bring himself to raise money for a bank-stock fund at a time when he thinks banks are likely to be lousy stocks.