Economy News
Topics also related to Economy:
Bernanke's challenge clear as Fed officials diverge on QE
JACKSON HOLE, Wyoming - The wide divergence of opinion within the Federal Reserve over when to wind down its unprecedented support for the U.S. economy was on full display on Friday, starkly illustrating Chairman Ben Bernanke's leadership challenge for the rest of this year.
SEC frustrated over pace of U.S. financial crisis reforms
WASHINGTON - Top Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as major drivers of the 2007-2009 financial crisis.
Stock price drop takes glow off U.S. consumer sentiment
WASHINGTON - Worries about rising interest rates and falling stock prices dinged U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices, which could make the Federal Reserve more comfortable reducing its monetary stimulus.
Inflation should push Fed in more accommodative fashion: Bullard
JACKSON HOLE, Wyoming - A top Federal Reserve official said on Friday he was "not keen" to allow U.S. inflation to drift lower than the current 1 percent level, adding that was "not the end of the world" but "at the edge" of where it should be.
Fed's Williams downplays divergence of views among policy-makers
VANCOUVER - Divergent views among policymakers at the Federal Reserve is "healthy," the president of the San Francisco Fed, John Williams, said on Friday, even as he downplayed the importance of the range in Fed official views on when the central bank's massive bond-buying program should end.
Don't reduce QE3 until inflation ticks up: Fed's Bullard
JACKSON HOLE, Wyoming - The Federal Reserve should keep buying bonds at the current pace until inflation rises back up toward the 2-percent target, a top U.S. central banker said on Friday in remarks that show how divided the Fed is on its quantitative easing program.
Fed's Bullard: beware basing policy off optimistic forecasts
JACKSON HOLE, Wyoming - The substantial rise in bond yields since last month is not justified by an improvement in U.S. economic data or a rise in inflation, a senior Federal Reserve official said on Friday, warning it reflects optimism that may prove to be too rosy.
Fed should commit to hard rate-rise plan, Plosser says
JACKSON HOLE, Wyoming - The U.S. Federal Reserve should commit to tightening policy when the unemployment rate falls to a 6.5-percent "trigger" level, a top U.S. central bank official said on Friday.
Analysis: Fed mulls adjusting its tune to quell jittery markets
- Federal Reserve officials are considering moving the goal posts on U.S. monetary policy with a promise to keep interest rates low for longer in the hopes of heading off a troubling rise in market-set borrowing costs.
Retailers' sales rise, some shoppers are cautious
- U.S. retailers' June sales suggest overall consumer spending is improving, even though lower-end shoppers are holding back on nonessential purchases. | Video
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,464.30 |  +3.38 |
+0.02% |
| S&P; 500 | 1,680.19 | +5.17 |
+0.31% |
| NASDAQ | 3,600.08 | +21.78 |
+0.61% |
| TR US Index | 152.47 | +0.46 |
+0.30% |
Sector Summary
| Energy | +0.07% |
| Basic Materials |  -0.44% |
| Industrials | -0.14% |
| Cyclical Goods & Services | +0.26% |
| Non-Cyclical Goods & Services | -0.25% |
| Financials | +0.28% |
| Healthcare | +0.51% |
| Technology | +0.30% |
| Telecoms | -0.20% |
| Utilities | -0.16% |
Portugal, ECB, Turkey — trials and tribulations
Portuguese president throws government into turmoil
RPT-Wall St Wk Ahead: As earnings take over, fundamentals to be tested
NEW YORK, July 14 - This week marks the first big week of second-quarter earnings, and it is sure to bring both joy and misery to Wall Street.
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
