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Stocks fall, interest rates rise after Fed minutes show policymakers weighed stimulus pullback
AP Business WriterNEW YORK (AP) — The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon. Prices surged on congressional testimony by Fed Chairman Ben Bernanke early in the...Tags: Credit Ratings, Standard & Poor's Financial Services LLC, JPMorgan Chase & Co., U.S. Congress, Companies and Corporations
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Better Chicago housing market getting sellers off the fence
Forty percent fewer homes were available for sale in the nine-county Chicago area in April than a year ago, leading to higher sales prices. That, in turn, is prompting more homeowners to slap fresh paint on their walls and list their homes for sale....
Tags: Banking, Chicago Real Estate, Money and Monetary Policy, Services and Shopping, Finance
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Fed's Dudley says decision on stimulus pullback still months away
WASHINGTON — A top Federal Reserve official said Wednesday that a decision on reducing the central bank's unprecedented economic stimulus efforts still is three to four months away as policymakers first must determine if the recovery is strong...
Tags: Jamie Dimon, Ben Bernanke, Budget Control Act of 2011, U.S. Congress, Central Bank
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Bernanke warns against scaling back Fed stimulus too soon
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that the central bank could start scaling back its stimulus program in the next few months, but warned against acting too quickly and harming the still-weak economic recovery. The key...
Tags: Jamie Dimon, Employment, Ben Bernanke, U.S. Congress, Economy, Business and Finance
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Stocks turn higher after reassuring words from Fed official; Home Depot gains after earnings
AP Business WriterNEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. Stock indexes wobbled between gains and losses in early trading, then took a turn higher...Tags: Jamie Dimon, JPMorgan Chase & Co., U.S. Congress, Companies and Corporations, TiVo Inc.
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2 Fed presidents at odds on bank's role in economic recovery
It's a family feud Federal Reserve-style as Chicago Federal Reserve President Charles Evans and Dallas Federal Reserve President Richard Fisher argue in polite fashion about what the central bank has accomplished by tinkering with the economy. Evans...
Tags: International Monetary Fund, Money and Monetary Policy, Federal Reserve Bank of Chicago, Central Bank, Labor Markets
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Some Fed officials open to start tapering stimulus as soon as June
WASHINGTON -- Some Federal Reserve officials said they were willing to start ratcheting back the central bank's stimulus program as early as June if the economic recovery strengthened further, according to minutes from their policy meeting three week ago....
Tags: Jamie Dimon, Ben Bernanke, Central Bank, Labor Markets, Financial Markets
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Small company stocks are a bright spot as Russell 2000 index climbs above 1,000 for first time
AP Markets WriterNEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones...Tags: Foreign Exchange Market, IBM, Pharmaceuticals, NASDAQ, U.S. Congress
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As stocks hit new highs, is the market overheating?
NEW YORK -- Wall Street will be watching Ben Bernanke's testimony before Congress on Wednesday, hoping the Federal Reserve chairman will offer clues as to when the central bank may begin turning off its spigot of easy money. Investors will also be...Tags: Credit Ratings, Ben Bernanke, Money and Monetary Policy, U.S. Congress, Virgin Group, Ltd.
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Rockville Bank Parent Approves Stock Repurchase
The Hartford CourantThe parent of Rockville Bank announced today its board of directors has approved a new stock repurchase plan for up to 10 percent of the bank's outstanding shares. Rockville Financial Inc. said it has received approval from the Federal Reserve Bank of...Tags: Rockville (Bethlehem, Pennsylvania), Rockville Financial Incorporated, Economy, Business and Finance, Finance, Buyback
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Local Fed Challenge team takes top honor
South Bend TribuneSOUTH BEND -- For the fourth year in a row, the St. Joseph High School Fed Challenge Team used its expertise and won the regional competition at the Chicago Federal Reserve Bank last month. The winning team — Nick Wawrykow, Graham Murphy, Robert...Tags: Judges, Students, Economy, Education, Teaching and Learning
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Letter: Federal government responsible for debt
In the United States of America, where does money come from? Who creates it and how do they do it? In 1913 the U.S. Congress created the Federal Reserve Banking System. The only connections between the federal government and the banking system is the...Tags: Politics, U.S. Congress, Economy, Business and Finance, Finance, National Government
May 22, 2013
|Story| AP Member Choice Limited
May 23, 2013
|Story| Chicago Tribune
May 22, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| Los Angeles Times
May 21, 2013
|Story| AP Member Choice Limited
May 21, 2013
|Story| Chicago Tribune
May 22, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| AP Member Choice Limited
May 20, 2013
|Story| Los Angeles Times
May 20, 2013
|Story| Hartford Courant
May 19, 2013
|Story| South Bend Tribune
May 18, 2013
|Story| Aberdeen News
Original site for Federal Reserve topic gallery.
