Economy News
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Jobs, housing data show economy has some muscle
WASHINGTON - The number of Americans filing new claims for unemployment benefits fell last week, pointing to resilience in the labor market despite belt-tightening by Washington.
Fed officials stress no rush to exit, not on 'autopilot'
- The Federal Reserve will not hastily withdraw its policy stimulus for the economy, a senior central banker said on Thursday, while another stressed that it could adjust the pace of bond purchases both up or down according to the data.
Fed enters delicate new phase of communication
NEW YORK - Investors' hair-trigger reaction to Federal Reserve Chairman Ben Bernanke's testimony on Wednesday marks a delicate new policy phase for the U.S. central bank in which communication is paramount.
Fed's Williams: No 'autopilot' by Fed if tapering starts - Bloomberg
- The Federal Reserve will maintain policy flexibility and respond to incoming economic data that theoretically could cause it to initially taper its pace of bond purchases and then adjust the purchases higher, the president of the San Francisco Fed, John Williams, said in an interview published by Bloomberg News on Thursday.
Factory activity slips to seven-month low in May: Markit
NEW YORK - Manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector's most sluggish rate of growth since October, a survey showed on Thursday.
New home sales rise, prices surge to record highs
- Sales of new single-family homes rose 2.3 percent in April, and prices climbed to record high levels, offering strong proof the sector's rebound trend is intact.
Bernanke says more progress needed before stimulus pullback
WASHINGTON - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday. | Video
Home sales close in on three-and-a-half year high
WASHINGTON - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington.
Fed's Fisher: printing money does 'no good' if firms won't hire
NACOGDOCHES, Texas - The Federal Reserve's super-easy monetary policies will do little to boost jobs if businesses remain uncertain about the outlook for taxes, government spending, and regulation, a top Fed official said on Wednesday.
Panel urges tougher U.S. response to trade secret theft
WASHINGTON - Theft of trade secrets, chiefly by China, costs the U.S. economy $300 billion a year and must be fought with sanctions as tough as those used against terrorism and drug trafficking, an advisory panel said on Wednesday.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 15,300.95 |  -6.22 |
-0.04% |
| S&P 500 | 1,650.98 | -4.37 |
-0.26% |
| NASDAQ | 3,460.42 | -2.88 |
-0.08% |
| TR US Index | 149.61 | -0.43 |
-0.29% |
Sector Summary
| Energy | -0.50% |
| Basic Materials | -1.52% |
| Industrials | -1.63% |
| Cyclical Goods & Services | -1.63% |
| Non-Cyclical Goods & Services | -0.91% |
| Financials | -2.03% |
| Healthcare | -0.55% |
| Technology | -0.57% |
| Telecoms | -0.86% |
| Utilities | -1.46% |
Central bankers everywhere after Bernanke warning
Federal Reserve chairman puts cat among the pigeons.
COLUMN: Revenge of the markets: James Saft
May 23 - For months, markets have been dancing to central bankers' tune, but that may now be changing.
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