WASHINGTON - The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur. Read more
WASHINGTON - Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed interest rate hikes. Read more
WASHINGTON - The Federal Reserve downgraded its view of the U.S. economy Wednesday after a winter in which growth nearly froze. The Fed offered no sign that a rate increase might be coming soon. Read more
WASHINGTON - America's retailers enjoyed a record 2011 and their first $400 billion sales months ever. But the final month of the year was a dud.
Sales eked out a 0.1 percent increase in December, to a seasonally adjusted $400.6 billion. Read more
WASHINGTON - A summer of modest economic growth is helping dispel lingering fears that another recession might be near.
Whether the strength can be sustained is less certain.
The economy grew at an annual rate of 2. Read more