Federal Reserve chairman Ben Bernanke said today the U.S. economy will rebound from its weak performance at the start of the year, despite the slump in the housing sector.Economic growth in the first three months of this year nearly stalled, logging just a 0.6% pace. It was the worst quarterly showing in more than four […]
Fears of worse inflation remain
The U.S. Federal Open Market Committee decided today to keep its target for the federal funds rate at 5.25%.The FOMC voted unanimously to leave rates unchanged. Today’s outcome was widely expected by economists.An accompanying statement acknowledged some recent weakening in the economy, but otherwise mirrored the previous one issued on March 21 in which officials […]
Consumer prices remain stable: beige book
Risk remains that inflation will fail to moderate
New York, St. Louis, Dallas, Boston say activity increased slower than in previous periods
Inflation remains a concern
Some inflation risks remain
U.S. housing market continues downward trend
Fed releases minutes from Dec. 12 meeting