Bernanke Talks and 10-Year Treasury Yield Zooms Past 2%
Bernanke admits that savers who rely on interest income from savings accounts or government bonds are receiving very low returns even as low interest rates have helped create jobs and support home prices.
Fed Holds Rates, QE in Place as Congress Holds Budget Hostage
In its efforts to prop up the economy by keeping interest rates down, the Fed will keep buying $85 billion a month in Treasury and mortgage-backed securities.
Eurozone Economic Sentiment Lowest in 3 Years
German unemployment worse than expected, Spain continues to contract.
Fed’s Bernanke Makes Case for QE3
“I don’t think there’s any question that they’re getting ready to act,” an LPL analyst told AdvisorOne.
Bernanke to Senators: Don’t Dawdle in Addressing Fiscal Cliff
Fed Chairman Ben Bernanke signaled to senators on Tuesday that more quantitative easing measures might be taken and urged lawmakers to not dawdle in addressing the nation’s fiscal woes.
U.S. Unemployment Rate Barely Changed in April as Economy Added Only 115,000 Jobs
The U.S. unemployment rate was little changed in April, at 8.1% versus 8.2% in March, as the economy gained only 115,000 jobs, the Labor Department reported Friday.
U.S. Adds 200,000 Jobs—but What Type?
The Department of Labor released figures on Friday that indicated the jobs situation was better than expected in December, with 200,000 jobs added and the unemployment rate continuing to trend down.
Fed’s Bernanke Sympathizes With Occupy Wall Street as Economic Growth Stays Fragile
Fed Chairman Ben Bernanke says he sympathizes with the frustration of Occupy Wall Street protestors as U.S. jobs market weakness persists and the nation’s unemployment rate remains elevated. The Fed left its monetary policy unchanged.
Personal Income, Spending Rise; New Home Sales Fall
With personal income and spending, though not on homes, both up and consumer confidence on the increase, the holiday season may be brighter than anticipated.
As EU Presses Ireland, Greece Has '14 Days to Live'
As Ireland continued Tuesday to grab headlines over its financial crisis and world stocks dropped for a seventh straight day, fears over a looming Greek default took over broader worries in the euro community.