After Vote, GOP Expected to Win House; Fed to Announce QE Plan
Election day has finally arrived and while the true make-up of the next Congress won't be revealed until Wednesday, Republicans are optimistic they will win the 39 seats that will guarantee a takeover of the House. Republicans gaining control of the Senate, however, looks far less likely.
With Nowhere to Go on Rates, Fed to Keep Buying Treasuries
The Federal Reserve's policy makers agreed Tuesday to keep interest rates at historic lows and to maintain its policy of reinvesting principal payments from mortgage bonds into Treasuries.
U.S. Unemployment Rate Edges Up to 9.6% in August
Payroll jobs fell by just 54,000 in August and the unemployment rate rose by only one-tenth of a percentage point, to 9.6% from 9.5% in July, according to the U.S. Labor Department's Bureau of Labor Statistics (BLS) report released Friday, September 3.